Singapore Crypto Rules: What You Can and Can't Do in 2025
When it comes to Singapore crypto rules, the regulatory framework set by the Monetary Authority of Singapore (MAS) that defines legal crypto activity in the country. Also known as MAS crypto regulations, it’s one of the most transparent systems in Asia—no hidden bans, no sudden crackdowns, just clear guidelines. If you’re trading, staking, or running a crypto business here, you need to know exactly where the lines are drawn.
The MAS crypto regulation, the official rules enforced by Singapore’s central bank to oversee digital asset platforms and prevent money laundering. Also known as financial services regulations for crypto, it requires every exchange operating in Singapore to get a license. That means platforms like Bybit, HTX, or Kraken can’t just show up and start taking deposits—they need to prove they have real security, KYC checks, and anti-fraud systems in place. Unlicensed platforms? They’re blocked. No exceptions. And if you’re using a VPN to bypass geo-restrictions on these platforms, you’re not just breaking terms of service—you’re risking your account and possibly violating local law.
Then there’s crypto taxes Singapore, how the Inland Revenue Authority of Singapore (IRAS) treats profits from crypto trading and staking. Also known as digital asset taxation, it’s simple: if you sell crypto for profit, it’s taxable income. But if you hold it long-term or swap one coin for another without cashing out, you’re usually fine. No capital gains tax, no reporting on holdings—just tax on realized gains. That’s a big difference from places like the U.S. or Germany. And don’t get confused by airdrops. If you claim one and later sell it, that’s income. If you never touch it? No tax. But if you claim a fake airdrop like Kuma Inu or SWAPP, you’re not just losing money—you’re exposing yourself to scams that could lead to identity theft or frozen accounts.
KYC crypto Singapore, the mandatory identity verification process required by all licensed exchanges under MAS rules. Also known as crypto identity verification, it’s not optional. You’ll need your ID, proof of address, and sometimes a selfie with your document. No KYC? No trading. No exceptions. That’s why platforms like XBTS.io, which claim to be no-KYC, can’t legally operate in Singapore. They might work elsewhere, but here, they’re off-limits. This isn’t about privacy—it’s about compliance. And it’s why Singapore is still one of the safest places in the world to trade crypto legally.
What about privacy coins? Monero and Zcash are still allowed for personal use—but if you try to trade them on a licensed exchange in Singapore, you’re out of luck. The EU might ban them by 2027, but Singapore’s already ahead of the curve. Exchanges here don’t list them, and MAS has made it clear they’re too risky for regulated platforms. That’s not a ban on the tech—it’s a ban on mixing it with formal finance.
So what’s actually allowed? Trading Bitcoin and Ethereum on licensed platforms? Yes. Staking tokens with clear utility like HIPPOP or AIPAD? Yes, as long as the platform is licensed. Running a DeFi project with no team or code, like Ozonechain? No—MAS doesn’t care if it’s a meme or a ‘decentralized’ project. If it’s risky and unregulated, it’s not welcome. And if you’re thinking about moving to Singapore to avoid taxes elsewhere? Don’t. The rules are clear: if you’re a resident, you pay tax on your crypto gains. No loopholes.
Below, you’ll find real reviews and breakdowns of exchanges, tokens, and airdrops that either fit within Singapore’s rules—or dangerously cross them. No fluff. No hype. Just what’s legal, what’s risky, and what’s outright banned in 2025.