Bitcoin and other cryptocurrencies have become increasingly prominent in Singapore’s financial landscape. As of 2025, Bitcoin is fully legal in Singapore—but only when traded through platforms regulated by the Monetary Authority of Singapore (MAS). The country maintains a balanced approach: fostering innovation while enforcing strict compliance, anti-money laundering (AML), and consumer protection standards. This regulatory clarity makes Singapore one of the most crypto-friendly jurisdictions in Asia.
For investors, understanding the legal framework, licensing requirements, and risk factors is essential. With no capital gains tax for individuals and robust AML/CFT (anti-money laundering/counter-terrorism financing) controls, Singapore offers a secure environment for crypto trading—provided investors use MAS-licensed platforms.
👉 Discover how to start secure and compliant crypto trading today.
Understanding Bitcoin Legality in Singapore
As of 2025, holding, buying, selling, and investing in Bitcoin is legal under Singaporean law. Cryptocurrencies are classified as Digital Payment Tokens (DPTs) and fall under the regulatory oversight of the MAS. This classification ensures that all DPT-related services—including exchanges, wallets, and payment processors—operate within a structured legal environment.
The primary laws governing crypto activities are:
- Payment Services Act (PSA)
- Financial Services and Markets Act (FSMA)
These frameworks mandate strict compliance with AML/CFT protocols, licensing obligations, and consumer safeguards. Only MAS-approved platforms may offer DPT services to Singapore residents, ensuring investor protection and market integrity.
Who Regulates Cryptocurrency in Singapore?
The Monetary Authority of Singapore (MAS) is the sole regulatory body overseeing cryptocurrency activities. MAS treats crypto assets as DPTs and enforces compliance through:
- Licensing of service providers
- Regular audits and reporting requirements
- Enforcement of KYC (Know Your Customer) and transaction monitoring
By centralizing oversight, MAS ensures transparency, reduces systemic risks, and combats illicit financial flows.
Key Cryptocurrency Regulations in Singapore (2025)
In 2025, MAS has strengthened its regulatory stance to enhance financial stability and protect retail investors. Here are the core requirements:
Licensing Requirements Under the PSA
All DPT service providers must obtain either a Standard Payment Institution (SPI) or Major Payment Institution (MPI) license under the PSA.
| License Type | Transaction Threshold | Minimum Capital |
|---|---|---|
| SPI | Up to SGD 3 million/month (single service) or SGD 6 million/month (multiple services) | SGD 100,000 |
| MPI | Exceeds above thresholds | SGD 250,000 |
MPI license holders processing high-volume transactions must also deposit SGD 200,000 as a safeguard.
Overseas Operations Rule
By June 30, 2025, any Singapore-registered crypto firm serving foreign clients must obtain a license under the FSMA, or cease operations. This closes regulatory loopholes and ensures global compliance.
Consumer Protection Measures
MAS has introduced several safeguards:
- No credit card purchases: Prohibits use of local credit cards for buying crypto.
- No promotional incentives: Bans airdrops, bonuses, or referral rewards targeting retail users.
- Risk disclosures: Platforms must clearly communicate volatility, fraud risks, and loss potential.
- Asset segregation: Customer funds must be held separately from company assets via trust accounts.
Travel Rule Compliance
Virtual Asset Service Providers (VASPs) must share sender and beneficiary information for transactions exceeding SGD 1,500, enhancing traceability and AML enforcement.
AML/CFT Controls
Providers must implement:
- Rigorous KYC procedures
- Real-time transaction monitoring
- Suspicious activity reporting
These measures align Singapore with international FATF standards.
How to Legally Buy and Use Bitcoin in Singapore
To participate legally and safely in the crypto market, follow these steps:
Step 1: Choose a MAS-Licensed Platform
Only trade on MAS-regulated platforms. As of mid-2025, moomoo SG is the only online brokerage in Singapore with a full MPI license for crypto trading. This ensures compliance, security, and investor confidence.
👉 Learn how to identify trusted crypto platforms in Singapore.
Step 2: Open a Crypto Trading Account
Opening an account on moomoo SG is simple:
- Download the app from the App Store or Google Play.
- Register using Singpass or provide personal details (name, NRIC, contact info).
- Complete KYC verification—typically takes minutes.
- Activate your crypto trading account (available to eligible investors).
Step 3: Deposit Funds
moomoo SG simplifies funding:
- No need to manage external wallets
- Zero-fee SGD or USD transfers via PayNow and FAST
- Instant deposits and withdrawals
To deposit:
Go to Account > Deposit Funds > Select Crypto Account > Choose Currency > Select Transfer Method
Step 4: Start Trading
Once funded, you can engage in:
- Spot trading: Buy/sell Bitcoin directly (e.g., BTC/USD, BTC/SGD)
- Crypto-related ETFs & stocks: Gain indirect exposure via blockchain-focused equities
- Crypto futures: Trade with advanced tools (subject to eligibility)
Navigate to the Crypto section in the app, search for Bitcoin, enter your desired amount, and execute the trade.
Risks and Investor Protections
While Bitcoin is legal, it remains a high-risk asset due to:
- Extreme price volatility
- Cybersecurity threats (hacks, phishing)
- Fraudulent schemes (fake giveaways, scam platforms)
MAS mitigates these risks through:
- Mandatory asset segregation
- Daily reconciliation
- Prohibition of leveraged retail trading
- Strict advertising rules
Using a MAS-regulated platform like moomoo SG significantly reduces exposure to fraud and operational failure.
Security Storage Solutions
moomoo SG ensures:
- Client assets are held in segregated trust accounts with licensed banks
- Daily balance verification for transparency
- 24/5 customer support for urgent issues
The Future of Bitcoin in Singapore
Singapore aims to remain a global fintech hub by balancing innovation with regulation. Key developments shaping the future include:
- Project Ubin: MAS’s blockchain initiative exploring cross-border payments
- Tokenization of real-world assets: Digitizing property, bonds, and commodities
- Interoperability standards: Building bridges between blockchains
- Cross-border regulatory alignment: Harmonizing rules with G20 and ASEAN nations
Institutional adoption is rising, with more traditional financial players integrating crypto services under MAS supervision.
👉 Explore how institutional crypto adoption is transforming finance.
Frequently Asked Questions (FAQs)
Is it legal to sell Bitcoin in Singapore?
Yes, selling Bitcoin is legal if done through a MAS-licensed platform like moomoo SG. All transactions must comply with AML/CFT requirements.
Can I buy Bitcoin on moomoo SG?
Yes. moomoo SG allows users to buy Bitcoin and other cryptocurrencies securely through its integrated platform, which also supports stocks, ETFs, and options trading.
Is Bitcoin mining legal in Singapore?
Bitcoin mining is not illegal, but it's uncommon due to high electricity costs and environmental concerns. If mining involves DPT transmission or exchange, MAS licensing may apply under the PSA.
What are Singapore’s AML regulations for crypto?
Crypto providers must follow AML rules under the PSA and FSMA. This includes KYC checks, transaction monitoring, suspicious activity reporting, and compliance with the Travel Rule for transfers over SGD 1,500.
Are there taxes on Bitcoin profits in Singapore?
Individuals are not subject to capital gains tax on Bitcoin profits. However, businesses earning income from crypto activities may be taxed under income tax rules.
Which platforms are licensed by MAS for crypto trading?
As of 2025, moomoo SG is the only online brokerage with a MAS MPI license for crypto trading. Always verify a platform’s license status on the official MAS website.
Conclusion
Bitcoin is legal and well-regulated in Singapore under the MAS framework. With no capital gains tax for individuals, strong consumer protections, and access to compliant platforms like moomoo SG, Singapore offers a secure environment for crypto investment.
However, success requires due diligence: choose licensed platforms, understand market risks, and stay updated on evolving regulations. As Singapore continues to lead in fintech innovation, responsible participation will be key to long-term growth.
Remember: Always verify platform legitimacy and never invest more than you can afford to lose.
Disclaimer: Cryptocurrency trading is highly volatile and risky. This article does not constitute financial advice or endorsement of any investment product.