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Romania vs Singapore

Crypto regulation comparison

← Back to map | Romania | Singapore
Romania

Romania

Singapore

Singapore

Legal
Legal

Cryptocurrency is legal in Romania. Crypto gains are taxed at 10% as 'income from other sources' under the fiscal code. VASPs must register with the relevant authorities for AML compliance. Romania has a growing crypto community and is transitioning to the EU MiCA framework.

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 10%
Tax Rate 0%-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator ASF (Autoritatea de Supraveghere Financiară), BNR (National Bank of Romania)
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
  • Crypto gains taxed at 10% as 'income from other sources' under Article 114 Fiscal Code
  • Annual gains up to RON 600 (~EUR 120) exempt from tax per Article 116 Fiscal Code
  • VASPs must register for AML/CFT compliance
  • ASF oversees financial market conduct; BNR handles monetary policy
  • MiCA framework applicable 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