BTC $68,172.00 (+2.32%)
ETH $1,975.53 (+2.49%)
XRP $1.44 (+3.78%)
BNB $630.38 (+4.74%)
SOL $85.34 (+3.73%)
TRX $0.29 (+0.45%)
DOGE $0.10 (+3.75%)
BCH $569.33 (+4.73%)
ADA $0.28 (+4.01%)
LEO $8.65 (-0.67%)
HYPE $29.87 (+3.89%)
LINK $8.92 (+4.89%)
CC $0.16 (+2.32%)
XMR $328.11 (-0.84%)
XLM $0.16 (+3.07%)
RAIN $0.01 (+0.66%)
HBAR $0.10 (+3.03%)
ZEC $259.18 (+1.68%)
LTC $55.25 (+4.43%)
AVAX $9.31 (+3.86%)

Belarus vs Singapore

Crypto regulation comparison

← Back to map | Belarus | Singapore
Belarus

Belarus

Singapore

Singapore

Legal
Legal

Belarus legalized cryptocurrency through Decree No. 8 (2017), creating a favorable environment in the Hi-Tech Park special economic zone. As of 2025, crypto transactions via HTP residents remain tax-exempt, while transactions on foreign platforms are taxed at 13%. A crypto bank framework was introduced in 2026.

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 Varies
Tax Type Varies
Tax Rate 0% (HTP) / 13% (foreign platforms)
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Hi-Tech Park (HTP), National Bank of the Republic of Belarus
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • Decree No. 8 'On the Development of the Digital Economy' legalized crypto in 2017
  • Income from crypto via HTP residents and mining remains tax-exempt; 13% tax on foreign platform transactions since 2025
  • Crypto exchanges and businesses must operate through Hi-Tech Park residency
  • Mining is legal and considered a business activity
  • HTP preferential regime extended until 2049; crypto bank framework introduced in 2026
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