BTC $66,418.00 (-1.65%)
ETH $1,946.58 (-2.40%)
XRP $1.42 (-3.69%)
BNB $605.14 (-2.14%)
SOL $81.42 (-4.35%)
TRX $0.28 (-1.21%)
DOGE $0.10 (-2.15%)
BCH $555.62 (-1.81%)
ADA $0.27 (-2.98%)
LEO $8.52 (-1.88%)
HYPE $28.45 (-4.03%)
CC $0.17 (+0.55%)
LINK $8.58 (-3.20%)
XMR $327.52 (-1.91%)
XLM $0.16 (-3.09%)
RAIN $0.01 (-3.02%)
ZEC $264.41 (-8.37%)
HBAR $0.10 (-2.47%)
LTC $53.19 (-1.74%)
AVAX $8.85 (-3.53%)

Singapore vs Uzbekistan

Crypto regulation comparison

← Back to map | Singapore | Uzbekistan
Singapore

Singapore

Uzbekistan

Uzbekistan

Legal
Legal

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.

Uzbekistan has actively regulated crypto since 2018, when it established the NAPM (initially NAPCI) to oversee virtual assets. Licensed crypto exchanges operate in a regulatory sandbox. Individual crypto trading profits are exempt from tax. Uzbekistan has also established a state-backed mining pool and licensing regime for miners, leveraging its energy resources.

Tax Type Varies
Tax Type None
Tax Rate 0%-24%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator MAS (Monetary Authority of Singapore)
Regulator NAPM (National Agency for Prospective Projects)
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Stablecoin Rules Regulated under NAPM virtual asset framework
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
Key Points
  • NAPM oversees virtual asset regulation and licensing
  • Licensed exchanges operate under regulatory framework since 2018
  • Individual crypto trading exempt from income tax
  • State-backed mining pool and licensing for crypto miners
  • Only licensed platforms can offer crypto services; unlicensed platforms blocked
Sources
Sources