Is LBank available in Singapore?
LBank does not list Singapore among the countries and regions it restricts in its published User Agreement, so residents may be able to access the platform. LBank is not licensed by the Monetary Authority of Singapore, and providers of digital payment token services to people in Singapore are required to be licensed under the Payment Services Act, so treat the platform as unregulated locally and weigh that before acting.
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 26 June 2026, LBank does not list Singapore among the countries it restricts in its User Agreement, so residents may be able to access the platform, but LBank is not licensed by the Monetary Authority of Singapore. Singapore requires providers of digital payment token services to people in Singapore to be licensed under the Payment Services Act, and operating without a required licence is an offence. Treat LBank as available with limits and unregulated locally, and verify the current position before acting.
Availability for Singapore residents
LBank is a global crypto exchange registered in the British Virgin Islands. Its published User Agreement does not list Singapore among the countries and regions it does not serve, so residents may be able to register and trade. Being able to access a platform is not the same as that platform holding a local licence.
Singapore's regulator is the Monetary Authority of Singapore. Providers of digital payment token services to people in Singapore must hold a licence under the Payment Services Act 2019. From 30 June 2025 the Monetary Authority of Singapore also requires digital token service providers that serve only customers outside Singapore to be licensed, and it has said it will grant such licences only in extremely limited circumstances. Operating without a required licence can carry financial penalties and imprisonment.
As of 26 June 2026, LBank does not appear on the Monetary Authority of Singapore list of licensed or exempt payment institutions providing digital payment token services. It therefore operates without local authorisation, which is the main limit on this page. Confirm the current position with the Monetary Authority of Singapore before acting.
Access, KYC, and products
LBank is a global crypto exchange registered in the British Virgin Islands that offers spot and derivatives trading. It is a custodial platform, which means it holds the assets in an account on the user behalf rather than giving the user the private keys, and it requires identity verification, known as know your customer, before trading.
Because LBank operates without local authorisation here, the protections that come with a licensed provider, such as supervised safeguarding of client assets and a local complaints route, may not apply. Monetary Authority of Singapore supervision is the missing layer, so treat the platform as unregulated locally and weigh that before you act.
How crypto is taxed in Singapore
Singapore does not impose a general capital gains tax, so a private individual's gains on long term crypto holdings are typically not taxed. Where crypto activity amounts to a trade or business, profits can be taxable as income, with the rules administered by the Inland Revenue Authority of Singapore.
Treatment depends on personal circumstances and can change, so confirm the current position with the Inland Revenue Authority of Singapore or a qualified adviser. See the Singapore crypto tax page for a fuller explanation. This is general information, not tax advice (as of 26 June 2026).
Some platforms hold a Monetary Authority of Singapore licence to provide digital payment token services to people in Singapore. Availability, licensing status, and products vary, so compare the options that are genuinely available and licensed in Singapore before you choose, and check each platform's licence on the Monetary Authority of Singapore register.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Regulator and sources
The Singapore regulator for digital payment token services is the Monetary Authority of Singapore, under the Payment Services Act and the digital token service provider regime, and tax is administered by the Inland Revenue Authority of Singapore. The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Monetary Authority of Singapore, Guidelines on Licensing for Digital Token Service Providers and the Payment Services Act 2019.
- Monetary Authority of Singapore, register of licensed payment institutions providing digital payment token services.
- Inland Revenue Authority of Singapore, guidance on the income tax treatment of digital tokens.
- LBank, published User Agreement on the countries and regions it serves.
Frequently asked questions
Is LBank available in Singapore?
As of 26 June 2026, LBank does not list Singapore among the countries it restricts in its User Agreement, so residents may be able to access the platform. LBank is not licensed by the Monetary Authority of Singapore, so treat it as available with limits and verify the position.
Is LBank licensed by the Monetary Authority of Singapore?
No. As of 26 June 2026, LBank does not appear on the Monetary Authority of Singapore list of licensed or exempt payment institutions providing digital payment token services.
Is it legal to own crypto in Singapore?
Yes. Holding and trading crypto is legal in Singapore, and providers of digital payment token services to people in Singapore are regulated by the Monetary Authority of Singapore. The open question on this page is the licensing of the LBank platform, not whether owning crypto is allowed.
What licence does a crypto platform need in Singapore?
A provider of digital payment token services to people in Singapore must hold a licence under the Payment Services Act 2019. From 30 June 2025 the Monetary Authority of Singapore also requires digital token service providers serving only overseas customers to be licensed.
How is crypto taxed in Singapore?
Singapore has no general capital gains tax, so a private individual's gains on long term holdings are typically untaxed, while trading as a business can be taxable as income, administered by the Inland Revenue Authority of Singapore. See the Singapore crypto tax page. This is general information, not tax advice.
Where can I confirm the current position?
Check the Monetary Authority of Singapore register and notices, and LBank own published updates. Those primary sources are the most current way to confirm availability before acting.
Rules change frequently. Exchange availability and licensing can change at short notice, and the Monetary Authority of Singapore tightened its digital token service provider regime from 30 June 2025. The position on this page is dated 26 June 2026. Confirm the current status with the Monetary Authority of Singapore and the platform before you act.
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