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Singapore Won't Tax Airdrops or Hard Forks Under New Crypto Guidance

Singapore’s tax authority has clarified how it taxes the transaction of payment, utility and security tokens.

IRAS asked bitcoin accepting contractors to calculate their tax burden using Coinbase and Binance’s exchange rates. (Image: Wikimedia Commons)
IRAS asked bitcoin accepting contractors to calculate their tax burden using Coinbase and Binance’s exchange rates. (Image: Wikimedia Commons)