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Israel vs Singapore

Crypto regulation comparison

← Back to map | Israel | Singapore
Israel

Israel

Singapore

Singapore

Legal
Legal

Cryptocurrency is legal in Israel and treated as a taxable asset. The Israel Tax Authority classifies crypto as property, subject to 25% capital gains tax (or up to 50% for significant shareholders or high earners). Israel has a vibrant blockchain ecosystem with many startups and R&D centers.

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 Capital gains
Tax Type Varies
Tax Rate 25-50%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ISA (Israel Securities Authority), ITA (Israel Tax Authority), CTMFA
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules No specific stablecoin regulation; ISA exploring digital asset framework
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • Capital gains tax of 25% on crypto profits (up to 50% including surtax for high earners)
  • Israel Tax Authority classifies cryptocurrency as property, not currency
  • ISA is developing a regulatory framework for digital asset trading platforms
  • AML/KYC requirements apply to crypto service providers under CTMFA supervision
  • Israel has one of the highest densities of blockchain startups globally
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
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