Can you trade crypto in Singapore? It is legal to own and trade Bitcoin as well as other cryptocurrencies in Singapore. However, keep in mind that Bitcoin and other virtual assets are not legal tenders.
Is trading crypto taxable in Singapore? Income Tax
The purchase of cryptocurrencies will not trigger a taxable event in Singapore. However, the intention at the point of purchase would be considered to determine the tax treatment of gains/losses from the subsequent disposal of the cryptocurrencies.
Is crypto trading banned in Singapore? SINGAPORE — Singapore on Tuesday passed a law that extends its cryptocurrency regulations to companies with a local presence that provide digital token services outside the city-state, as authorities further tighten rules around the emerging industry.
Which crypto exchange is legal in Singapore?
|Crypto Exchange||Fees (Lowest Tier)|
|Gemini Exchange||S$1.50 to S$4.00, or 1.49% (Transaction fee)|
|Kraken||0.9% for Stablecoins, 1.5% (all coins), 3.75% + €0.25 (payment fee), 0.5% (online bank fee)|
|Coinbase||4% (credit, debit card payment), 1% (trading fee), 0.5% (trading fee, Pro account)|