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Bosnia and Herzegovina vs Singapore

Crypto regulation comparison

← Back to map | Bosnia and Herzegovina | Singapore
Bosnia and Herzegovina

Bosnia and Herzegovina

Singapore

Singapore

Partially Regulated
Legal

Bosnia and Herzegovina has no comprehensive crypto legislation. The Central Bank warns crypto is not legal tender and banks cannot convert crypto to BAM. Crypto trading is legal. A 2024 AML law designates VASPs as obligated entities. Republika Srpska gave crypto legal status as digital records of value in 2022. Corporate tax on crypto is 10%.

Singapore is a leading global crypto hub with a comprehensive regulatory framework under the Payment Services Act (PSA) 2019, amended in 2022. MAS licenses Digital Payment Token (DPT) service providers for AML/KYC compliance and consumer protection. Singapore has no capital gains tax, making it attractive for crypto businesses and investors. However, MAS has progressively tightened retail investor protections, restricting crypto advertising and requiring risk warnings. Short term trading gains is considered income and taxed as such.

Tax Type Income
Tax Type Varies
Tax Rate 10%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Bosnia and Herzegovina
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules No specific stablecoin regulation; 2024 AML law covers VASPs
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • No comprehensive crypto legislation at state level
  • Central Bank warns crypto is not legal tender; banks cannot convert to BAM
  • 2024 AML/CFT law designates VASPs as obligated entities with KYC requirements
  • Republika Srpska gave crypto legal status as digital records in 2022
  • 10% corporate tax on crypto profits; exchange services VAT exempt
Key Points
  • Payment Services Act (PSA) 2019 provides licensing for Digital Payment Token (DPT) services
  • MAS issues Major Payment Institution (MPI) and Standard Payment Institution (SPI) licenses for crypto
  • No capital gains tax on crypto for individuals; trading profits may be taxed if deemed business income
  • MAS introduced stablecoin regulatory framework in August 2023 for SG$-pegged stablecoins
  • Strict retail investor protection: crypto advertising restricted, no incentives for trading
Sources
Sources