Is Binance available in Singapore?
The global Binance platform does not serve residents of Singapore. The Monetary Authority of Singapore (MAS) placed Binance.com on its Investor Alert List in September 2021, and Binance then restricted Singapore users, geo blocked Singapore IP addresses, and removed its app from local app stores. Singapore residents who want a regulated platform use providers licensed by MAS instead.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of June 2026, the global Binance platform does not serve residents of Singapore. The Monetary Authority of Singapore (MAS) placed Binance.com on its Investor Alert List in September 2021 over the provision of payment services without a licence, after which Binance restricted Singapore users, geo blocked Singapore IP addresses, and removed its app from Singapore app stores. The separate local entity that had sought a licence wound down its Singapore operations. Singapore residents who want a regulated platform use providers licensed by MAS under the Payment Services Act.
Availability for Singapore residents
As of 7 June 2026, the global Binance platform does not serve residents of Singapore. The regulator is the Monetary Authority of Singapore (MAS), which supervises digital payment token services under the Payment Services Act. In September 2021 MAS placed Binance.com on its Investor Alert List, which flags entities that may be soliciting Singapore users or carrying on a regulated activity without the required licence.
Following the MAS action, Binance announced it would restrict Singapore users, stop Singapore dollar payment options and trading pairs, geo block Singapore IP addresses, and remove its app from Singapore app stores. A separate local entity, Binance Asia Services, had earlier applied for a licence under the Payment Services Act but withdrew its application and wound down its Singapore operations. As of 7 June 2026 the Binance.com entry remains on the MAS Investor Alert List.
Because the global Binance platform is not licensed to serve Singapore residents and is flagged by MAS, we do not link it for Singapore. Residents who want a regulated platform use providers that hold a licence from MAS. Confirm the current status on the MAS Investor Alert List and the MAS financial institutions directory before acting.
Access, KYC, and the licensed route
Crypto itself is legal in Singapore. Buying, holding, and trading digital payment tokens is permitted, and the providers that offer those services to residents must hold a licence from MAS under the Payment Services Act. Licensed providers apply identity verification (know your customer, or KYC) and anti money laundering checks, and they can offer a Singapore dollar on ramp through local banking channels.
The global Binance platform does not offer a licensed Singapore dollar route to residents, because it does not hold a MAS licence and has restricted Singapore access. The compliant path for a resident is a MAS licensed provider rather than the global Binance site. For how any gains are taxed, see the Singapore tax section below.
How crypto is taxed in Singapore
Singapore does not levy a capital gains tax. The tax authority is the Inland Revenue Authority of Singapore (IRAS). Gains from disposing of crypto held as a personal long term investment are generally not taxed, but where buying and selling crypto amounts to carrying on a trade, the profits can be taxable as income. Since 1 January 2020, the supply of digital payment tokens has been exempt from goods and services tax. Treatment depends on your circumstances, so confirm with IRAS or a qualified adviser. See the Singapore crypto tax page. This is general information, not tax advice (as of 7 June 2026).
The global Binance platform is not licensed in Singapore, so we do not link it here. These pages cover the providers that genuinely hold a licence from MAS and are available to Singapore residents, such as Coinbase, which holds a Major Payment Institution licence.
Regulator and sources
The regulator for crypto in Singapore is the Monetary Authority of Singapore (MAS), which supervises digital payment token services under the Payment Services Act. The position below is stated as of 7 June 2026 and should be confirmed on the primary sources.
- MAS Investor Alert List, which has listed Binance.com since September 2021.
- MAS framework for digital payment token services under the Payment Services Act 2019.
- Binance announcement in 2021 to restrict Singapore users, remove Singapore dollar pairs, geo block Singapore IP addresses, and withdraw its app from Singapore app stores.
- MAS financial institutions directory, for the current list of licensed providers.
Frequently asked questions
Is Binance available in Singapore?
As of 7 June 2026, the global Binance platform does not serve residents of Singapore. The Monetary Authority of Singapore (MAS) placed Binance.com on its Investor Alert List in September 2021, and Binance restricted Singapore users, geo blocked Singapore IP addresses, and removed its app from Singapore app stores. Singapore residents who want a regulated platform use providers licensed by MAS instead.
Why is Binance on the MAS Investor Alert List?
MAS placed Binance.com on its Investor Alert List in September 2021 because it appeared to be soliciting Singapore users and carrying on a regulated payment service without the required licence. The list flags entities that may be doing so without authorisation. The entry remains in place as of 7 June 2026.
Is crypto legal in Singapore?
Yes. Buying, holding, and trading crypto is legal in Singapore, and digital payment token services are regulated under the Payment Services Act, supervised by the Monetary Authority of Singapore (MAS). Only the providers licensed by MAS may offer those services to residents (as of 7 June 2026).
Which crypto platforms are licensed in Singapore?
Several providers hold a licence from the Monetary Authority of Singapore under the Payment Services Act, including Coinbase, which holds a Major Payment Institution licence. The global Binance platform is not licensed to serve Singapore residents. Confirm the current licence status on the MAS financial institutions directory.
How is crypto taxed in Singapore?
Singapore does not levy a capital gains tax, so gains from disposing of crypto held as a personal investment are generally not taxed, while trading as a business can be taxable as income, administered by the Inland Revenue Authority of Singapore (IRAS). See the Singapore crypto tax page. This is general information, not tax advice (as of 7 June 2026).
Rules change frequently. Exchange availability and licensing in Singapore can change at short notice, and the global Binance platform is currently flagged by MAS and not licensed for residents. The position on this page is dated 7 June 2026. Confirm the current status with the Monetary Authority of Singapore (MAS) and the platform before you act.
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