Back in June/July 2021, we collaborated with
Gemini and
CoinMarketCap to survey
4,348 people to delve deeper into what crypto holders and non-crypto holders in Singapore think about cryptocurrencies.
Using these data, we produced the
State of Crypto in Singapore Report, a report packed full of valuable insights about people’s perception of cryptocurrency in Singapore.
Here is one of the key insights that caught my eye:
This prompted me to create this guide and clear the air about the regulation of cryptocurrencies in Singapore.
If you are holding on to any cryptocurrencies in Singapore and are have concerns about security and regulation.
Then you’ll need to check out our guide to cryptocurrency regulation in Singapore!
TL;DR: Cryptocurrency Regulation in Singapore
- The Monetary Authority of Singapore (MAS) does not consider cryptocurrencies to be legal tender.
- The Payment Services Act (PS Act) is a key piece of legislation for the regulation of cryptocurrency in Singapore.
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