BTC $67,461.00 (+1.21%)
ETH $1,942.53 (-0.69%)
XRP $1.41 (-0.23%)
BNB $608.45 (+0.66%)
SOL $83.57 (+2.67%)
TRX $0.28 (+1.66%)
DOGE $0.10 (+0.70%)
BCH $554.56 (+0.85%)
ADA $0.28 (+1.51%)
LEO $8.65 (-0.08%)
HYPE $29.46 (+3.54%)
XMR $333.67 (+1.25%)
LINK $8.62 (+0.24%)
CC $0.16 (-1.70%)
XLM $0.16 (+1.05%)
RAIN $0.01 (+0.16%)
ZEC $256.92 (+0.24%)
HBAR $0.10 (+1.13%)
LTC $53.58 (+1.83%)
AVAX $9.11 (+3.44%)

Brunei vs Singapore

Crypto regulation comparison

← Back to map | Brunei | Singapore
Brunei

Brunei

Singapore

Singapore

Restricted
Legal

Brunei has no specific cryptocurrency legislation. The BDCB (formerly AMBD) stated in 2017 that crypto is not legal tender and not regulated, warning the public about risks. Crypto is not banned but has no legal protection. No tax guidelines address crypto specifically.

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 None
Tax Type Varies
Tax Rate N/A
Tax Rate 0%-24%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Brunei Darussalam Central Bank (BDCB, formerly AMBD)
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • BDCB stated in 2017 that crypto is not legal tender and not regulated
  • Crypto not recognized as legal tender
  • No specific cryptocurrency legislation
  • Financial institutions discouraged from dealing in crypto
  • No tax guidelines specifically address cryptocurrency
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