Is crypto mining taxable in Singapore? Gains from sale of the mined cryptocurrencies are treated as capital gains and are not taxable. Mining expenses will not be deductible.
Is cryptocurrency legal in Singapore? The Singapore Parliament passed a law on Tuesday that will require crypto businesses based in the city-state but only doing business overseas to be licensed, according to Bloomberg.
Is it legal to do crypto mining? You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries, but not all U.S. states allow it.
Is cryptocurrency legal in Singapore MAS? Cryptocurrency players operating in Singapore are already regulated by the Monetary Authority of Singapore (MAS), but the new law also gives the financial watchdog the power to conduct inspections of digital token service providers doing business overseas, and also to assist foreign regulatory bodies and agencies on