BTC $67,588.00 (+1.21%)
ETH $1,962.88 (+1.69%)
XRP $1.43 (+1.44%)
BNB $625.78 (+3.87%)
SOL $84.69 (+3.98%)
TRX $0.28 (+0.50%)
DOGE $0.10 (+3.18%)
BCH $561.52 (+0.68%)
ADA $0.28 (+4.20%)
LEO $8.69 (+0.18%)
HYPE $29.97 (+4.79%)
LINK $8.88 (+4.88%)
CC $0.16 (+3.64%)
XMR $328.08 (-1.36%)
XLM $0.16 (+1.93%)
RAIN $0.01 (-1.86%)
HBAR $0.10 (+2.69%)
ZEC $257.45 (-1.46%)
LTC $55.02 (+4.90%)
AVAX $9.13 (+3.32%)

Mongolia vs Singapore

Crypto regulation comparison

← Back to map | Mongolia | Singapore
Mongolia

Mongolia

Singapore

Singapore

Legal
Legal

Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.

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 Income
Tax Type Varies
Tax Rate 10-25%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Financial Regulatory Commission (FRC) of Mongolia
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
  • Law on Virtual Asset Service Providers (VPSP) adopted December 2021
  • FRC registers and supervises crypto exchanges under VPSP law
  • Over 12 licensed exchanges serving 850,000+ customers
  • Crypto exchange income is taxable and exempt from VAT
  • Mongolia launched blockchain-based OTC securities trading in 2025
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