Singapore regulates crypto through the Payment Services Act 2019, administered by the Monetary Authority of Singapore (MAS). Only MAS-licensed Major Payment Institutions can offer crypto services to retail customers. Credit card purchases are banned, but bank transfers via PayNow and FAST are instant and free.
Popular payment methods: paynow, fast-singapore
Yes, buying and holding Bitcoin is legal in Singapore. Cryptocurrency exchanges operating in Singapore are required to be registered with local regulators.
The most common methods are paynow, fast-singapore. Use a regulated exchange that supports your bank.
Popular exchanges include Independent Reserve, Coinhako, Coinbase and others.