What are the latest requirements for trading crypto in Singapore?

3 answers

• McDougall GilesNov 20, 2023 · 2 years ago
  Sure! Trading cryptocurrencies in Singapore is subject to certain requirements. Firstly, you need to be at least 18 years old and have a valid identification document. Additionally, you will need to open an account with a regulated cryptocurrency exchange that is licensed by the Monetary Authority of Singapore (MAS). It is important to note that each exchange may have its own specific requirements, so it's best to check with the exchange directly. Lastly, you should also be aware of the tax implications of trading cryptocurrencies in Singapore and ensure that you comply with the relevant tax regulations. Happy trading!
  626

  313
• Bahadir OzanJan 29, 2022 · 4 years ago
  Trading crypto in Singapore? No problem! Just make sure you meet the requirements set by the authorities. You'll need to be of legal age and have a valid ID. Oh, and don't forget to choose a reputable exchange that is regulated by the MAS. They'll have their own set of requirements, so it's good to do your research. And remember, keep track of your crypto gains and losses for tax purposes. Happy trading, mate!
  413

  138
• Ehsaan SethDec 15, 2020 · 5 years ago
  When it comes to trading cryptocurrencies in Singapore, it's important to stay compliant with the latest requirements. To get started, you'll need to be at least 18 years old and have a valid identification document. Next, choose a regulated exchange that is licensed by the MAS. They'll have specific requirements for account verification and security measures. It's also crucial to stay updated on any changes in regulations and tax obligations. Remember, trading crypto can be exciting, but it's essential to do it responsibly and within the legal framework. Good luck with your trading journey!
  598

  150