BTC $67,566.00 (-1.05%)
ETH $1,948.95 (-1.55%)
XRP $1.39 (-3.54%)
BNB $612.98 (-2.09%)
SOL $83.34 (-2.76%)
TRX $0.29 (+0.55%)
DOGE $0.10 (-4.03%)
BCH $570.40 (+1.01%)
ADA $0.27 (-3.77%)
LEO $8.20 (-2.46%)
HYPE $28.93 (-2.58%)
LINK $8.65 (-2.78%)
CC $0.16 (-0.27%)
XMR $323.99 (-1.05%)
XLM $0.15 (-4.56%)
RAIN $0.01 (+1.63%)
HBAR $0.10 (-2.71%)
LTC $53.27 (-3.28%)
ZEC $245.20 (-6.30%)
AVAX $8.82 (-4.04%)

Singapore vs Zimbabwe

Crypto regulation comparison

← Back to map | Singapore | Zimbabwe
Singapore

Singapore

Zimbabwe

Zimbabwe

Legal
Restricted

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.

Zimbabwe has restricted cryptocurrency through its central bank. The RBZ banned financial institutions from processing crypto transactions in 2018. However, in a unique move, the RBZ issued gold-backed digital tokens (ZiG tokens) in 2023 as a store of value. Zimbabwe has a history of currency instability (hyperinflation, currency collapses) which drives informal crypto adoption for hedging and remittances.

Tax Type Varies
Tax Type None
Tax Rate 0%-24%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator MAS (Monetary Authority of Singapore)
Regulator RBZ (Reserve Bank of Zimbabwe)
Stablecoin Rules MAS-regulated stablecoin framework (2023); SG-dollar stablecoins must meet reserve and disclosure requirements
Stablecoin Rules No private stablecoin regulation; RBZ introduced gold-backed ZiG digital token as state currency
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
  • RBZ banned banks and financial institutions from servicing crypto in 2018
  • RBZ issued gold-backed digital tokens (ZiG) in 2023 as a CBDC-like instrument
  • No licensing framework for crypto exchanges
  • Informal crypto adoption driven by currency instability and remittance needs
  • Crypto ownership itself is not explicitly criminalized for individuals
Sources
Sources