BTC $67,245.00 (+0.62%)
ETH $1,950.53 (-0.79%)
XRP $1.42 (-0.58%)
BNB $606.63 (+0.17%)
SOL $82.91 (+1.64%)
TRX $0.28 (+1.26%)
DOGE $0.10 (+0.76%)
BCH $559.40 (+0.54%)
ADA $0.27 (-0.16%)
LEO $8.63 (-0.66%)
HYPE $29.44 (+3.24%)
XMR $331.62 (+1.32%)
LINK $8.59 (-0.56%)
CC $0.16 (-2.26%)
XLM $0.16 (-0.84%)
RAIN $0.01 (-1.68%)
ZEC $263.59 (-0.28%)
HBAR $0.10 (-1.18%)
LTC $53.04 (-0.59%)
AVAX $8.93 (+0.35%)

Lithuania vs Singapore

Crypto regulation comparison

← Back to map | Lithuania | Singapore
Lithuania

Lithuania

Singapore

Singapore

Legal
Legal

Cryptocurrency is legal and regulated in Lithuania. The Bank of Lithuania oversees VASPs under AML regulations and has been an early mover in crypto regulation within the EU. Lithuania attracted a large number of VASP registrations due to initially favorable conditions, though it tightened requirements significantly in 2022-2023. The MiCA framework now applies.

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 15%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Lithuania (Lietuvos Bankas)
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • VASPs must register with the Bank of Lithuania under AML/CFT law
  • Capital gains from crypto taxed at 15% personal income tax rate
  • Lithuania became a major EU hub for crypto companies; over 500 VASPs registered by 2022
  • Tightened VASP requirements in 2022-2023, including local substance and capital requirements
  • MiCA transition underway from December 2024
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