BTC $68,307.00 (+0.79%)
ETH $1,979.45 (+0.32%)
XRP $1.44 (+1.20%)
BNB $626.11 (-0.14%)
SOL $85.68 (+1.44%)
TRX $0.29 (+1.32%)
DOGE $0.10 (-1.12%)
BCH $564.78 (+1.07%)
ADA $0.28 (-1.28%)
LEO $8.40 (-3.33%)
HYPE $29.70 (-0.90%)
LINK $8.89 (-0.62%)
CC $0.16 (-2.12%)
XMR $327.40 (-1.86%)
XLM $0.16 (+0.26%)
RAIN $0.01 (-1.55%)
ZEC $261.72 (+0.74%)
HBAR $0.10 (+0.00%)
LTC $55.05 (-0.22%)
AVAX $9.18 (+0.46%)

Marshall Islands vs Singapore

Crypto regulation comparison

← Back to map | Marshall Islands | Singapore
Marshall Islands

Marshall Islands

Singapore

Singapore

Legal
Legal

The Marshall Islands passed the Sovereign Currency Act in 2018 to create the SOV, a blockchain-based national digital currency. No income or capital gains tax.

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 No tax
Tax Type Varies
Tax Rate 0%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banking Commission of the Marshall Islands
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
  • Sovereign Currency Act (2018) created SOV digital currency
  • No income or capital gains tax
  • Has been a popular jurisdiction for DAO registration
  • Banking Commission provides oversight
  • Limited domestic crypto adoption
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