BTC $65,840.00 (-1.87%)
ETH $1,917.74 (-2.42%)
XRP $1.39 (-5.16%)
BNB $597.73 (-1.96%)
SOL $79.80 (-3.33%)
TRX $0.28 (-0.10%)
DOGE $0.10 (-2.95%)
BCH $541.65 (-2.60%)
ADA $0.27 (-4.02%)
LEO $8.64 (+2.06%)
HYPE $28.03 (-3.79%)
CC $0.16 (-4.60%)
XMR $327.69 (-2.16%)
LINK $8.40 (-3.34%)
XLM $0.16 (-4.42%)
RAIN $0.01 (-2.38%)
ZEC $257.27 (-8.45%)
HBAR $0.10 (-4.15%)
LTC $51.81 (-3.68%)
AVAX $8.68 (-3.41%)

Pakistan vs Singapore

Crypto regulation comparison

← Back to map | Pakistan | Singapore
Pakistan

Pakistan

Singapore

Singapore

Restricted
Legal

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

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 Yes Yes
Mining Yes Yes
Regulator SBP (State Bank of Pakistan), SECP
Regulator MAS (Monetary Authority of Singapore)
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
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