Topic: does Singapore not prohibit Cryptocurrency (Read 128 times)
I don't think Singapore will ban crypto currency in theur country. I like to believe that Singapore is one of the forward thinking countries that would really flourish in crypto currency. I would really like to think that the worst Singaporean government will do is place a very minimal tax on earnings, but then again the world really disappoint me at every turn. I don't know what will happen in the future but if Singapore ban crytpo currency, then i would be surprised as heck.
Singapore is one of the best countries to set up a company to do an ICO.
Reason being the country trying to built up a smart nation image. The regulations are friendly towards ICO, and lawyers are willing to give a legal opinion on it.
MAS also have a guide on crypto, with different case studies on how to categorize the different crypto tokens.
Also the Tax in Singapore is also consider much better than other countries.
Disclaimer: I am working in a Crypto Advisory firm in Singapore
Reason being the country trying to built up a smart nation image. The regulations are friendly towards ICO, and lawyers are willing to give a legal opinion on it.
MAS also have a guide on crypto, with different case studies on how to categorize the different crypto tokens.
Also the Tax in Singapore is also consider much better than other countries.
Disclaimer: I am working in a Crypto Advisory firm in Singapore
So far Singapore is one of the most crypto loyal states. Take a look at the rates of the best countries to hold an ICO, and you'll see.
does Singapore not prohibit Cryptocurrency and not prohibit it?
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