Table of Contents
- Executive Summary
- Introduction
- 国产视频 Our Organizations
- Methodology and Terminology
- First Principles of Civil Society
- Blockchain and Digital Currency
- Use Cases
- Key Findings
- Other Findings
- Conclusion
- Appendix 1: Virtual Currency Terminology
- Appendix 2: International Highlights
- Appendix 3: Australia
- Appendix 4: Bermuda
- Appendix 5: Canada
- Appendix 6: Denmark
- Appendix 7: Malta
- Appendix 8: Singapore
- Appendix 9: South Africa
- Appendix 10: Switzerland
- Appendix 11: United Kingdom
- Appendix 12: United States
Appendix 8: Singapore
Highlights
- Singapore has also undertaken a number of actions under the last four years to position itself as a conducive jurisdiction for fintech and virtual currency-related businesses, including through the establishment of a FinTech Regulatory Sandbox. In January 2020, the Sandbox graduated an integrated digital securities issuance, custody, and trading platform.
- Singapore鈥檚 2019 Payment Services Act expanded the Monetary Authority of Singapore (MAS)鈥檚 regulatory scope to include digital payment token services.
- As a result, all persons in Singapore (presumably including charities) are required to report suspicious virtual currency transactions with the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore Police Force pursuant to of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.
- Because there are no capital gains taxes in Singapore, increases in the value of virtual currencies would not trigger deductible capital gains donations.
Virtual Currency-Specific Regulations
- Monetary Authority of Singapore (MAS), (Nov. 2018)
- Republic of Singapore, (Jan. 2019)
- MAS, (April 2019)
- MAS, (Nov. 2018)
- Monetary Authority of Singapore, (Cap.289, Rev. Ed.) (2006)
Nonprofit Regulations
- Singapore Government, (2007)
- Singapore Government, (2011)
- Singapore Government, (2008)
- Singapore Government, (2008)
- Singapore Government,
- Singapore Government, , (Jan. 2019)
Tax Regulations
- Inland Revenue Authority of Singapore, (Apr. 2019)
- Singapore Government, (Chapter 134) (2014)
- Singapore Government, (Chapter 117A) (2005)
Anti-Money Laundering Regulations
- Monetary Authority of Singapore Act (Cap. 186) 搂27B, (Oct. 2019)
- Monetary Authority of Singapore, (Nov. 2015)
- Monetary Authority of Singapore, (Nov. 2015)
- Monetary Authority of Singapore, , 鈥溌3: Money Laundering and Terrorism Financing Concerns鈥 (Nov. 2018)
- Monetary Authority of Singapore, (Jan. 2019)
Other Relevant Regulations, Sources, Notes
- Global Legal Insights, Blockchain & Cryptocurrency Regulation (2019),
- Law Library of Congress, (April 2019)
- Li Chuan Hsu et al., (JDSupra) (Mar. 2019)
- Practical Law, (Feb. 2019)