BTC $66,331.00 (-1.85%)
ETH $1,944.46 (-2.46%)
XRP $1.42 (-4.10%)
BNB $604.09 (-2.18%)
SOL $81.33 (-4.46%)
TRX $0.28 (-1.10%)
DOGE $0.10 (-2.39%)
BCH $552.99 (-2.59%)
ADA $0.27 (-3.01%)
LEO $8.52 (-1.84%)
HYPE $28.66 (-3.49%)
CC $0.17 (+3.44%)
LINK $8.58 (-3.29%)
XMR $327.84 (-2.19%)
XLM $0.16 (-3.07%)
RAIN $0.01 (-3.42%)
ZEC $269.51 (-6.27%)
HBAR $0.10 (-2.83%)
LTC $53.17 (-2.15%)
AVAX $8.88 (-2.96%)

Eritrea vs Singapore

Crypto regulation comparison

← Back to map | Eritrea | Singapore
Eritrea

Eritrea

Singapore

Singapore

Restricted
Legal

Eritrea has a highly restrictive financial environment. The government tightly controls the economy and financial system. No crypto activities are formally permitted.

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 No No
Mining Yes Yes
Regulator Bank of Eritrea
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
  • Highly restrictive financial environment
  • Government tightly controls the economy
  • No specific cryptocurrency legislation
  • Very limited internet access
  • No formal crypto services or exchanges
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