In 2025, Singapore maintains its position as a leading cryptocurrency hub. The country is implementing a new set of rules to stabilize the market and enhance investor confidence.
Major Developments in Crypto Regulations in Singapore 2025
Under the Financial Services and Markets Act 2022, all crypto firms based in Singapore offering cross-border services must obtain a license. Non-compliance may result in a penalty, including fines up to SGD 250,000 and prison terms of up to three years. New rules also regulate stablecoin issuance and strengthen consumer protection measures.
Snapshot of Key Regulations in 2025
Key changes in 2025 include mandatory licensing for digital token service providers, enhanced anti-money laundering measures, and protections for consumer assets. Tax policies continue to exempt capital gains tax, while an 8% GST applies to service fees.
What The Government and Regulators are Saying
The Monetary Authority of Singapore (MAS) serves as the central bank and regulator for cryptocurrency operations. MAS enforces anti-money laundering standards and protects investors from fraud. Regulatory measures also aim to increase market transparency and support innovations in digital assets.
Research shows that nearly half of cryptocurrency users in Singapore exited the market in 2025, highlighting the importance of protective mechanisms and the need for a cautious approach to investing in digital assets.
