Is crypto mining legal in Singapore?

Crypto mining in Singapore is legal, and there is no mining licence. Singapore's crypto rules are built around licensing firms that provide token services to customers, which is covered in how crypto is regulated in Singapore. Mining for yourself sits outside that system, and the tax treatment is unusually favourable for individuals.

Is bitcoin mining legal in Singapore?

Yes. The Monetary Authority of Singapore (MAS) regulates digital payment tokens, its term for crypto, under the Payment Services Act. MAS lists the activities that make up a digital payment token service:

• buying or selling tokens
• running a platform where people swap tokens
• transmitting tokens or arranging their transmission
• providing custodian wallets
• actively facilitating token purchases or sales

Mining is not on the list. Providers of those services must hold a MAS licence, but someone running rigs to earn block rewards for themselves does not.

We found no Singapore law or energy rule specific to crypto mining as of October 2026. For how the process works, see how bitcoin mining works.

Are crypto mining investment schemes legal in Singapore?

Selling mining as an investment can attract police attention. In February 2022, the Commercial Affairs Department said it was investigating A&A Blockchain Technology Innovation for possible cheating over a crypto mining investment scheme that offered a fixed daily return of 0.5%. Four men were arrested, and police noted that cheating can carry up to ten years in prison plus a fine. How mining contracts sold to investors work is explained in what is cloud mining.

How is crypto mining taxed in Singapore?

The Inland Revenue Authority of Singapore (IRAS) explains mining in its e-Tax guide on digital tokens, last updated January 30, 2026. A miner is taxed when mined tokens are disposed of, not when they are mined, because holding tokens alone produces no income.

• Individuals. An individual who mines is treated as doing it as a hobby. Gains from selling mined tokens are treated as capital and not taxed, and mining costs cannot be deducted. If the person shows a habitual and systematic effort to make a profit, mining may be treated as a vocation and the profits taxed.
• Companies. A company is presumed to mine as a business. It can deduct mining expenses once the business starts, and is taxed on profits when it sells mined tokens.
• Mining services. Fees for mining on behalf of a customer are taxable.

Other parts of the regime are in how crypto is taxed in Singapore.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.