Spot crypto is legal and licensed: 'digital payment token service' is one of the seven payment services MAS regulates under the Payment Services Act 2019, described by MAS as buying or selling digital payment tokens commonly known as cryptocurrencies, and section 5(1) of that Act provides that a person must not carry on a business of providing any type of payment service in Singapore unless the person holds a licence for it or is an exempt payment service provider. Residents therefore buy and sell on MAS-licensed venues — Coinbase Singapore Pte. Ltd. holds a Major Payment Institution licence for digital payment token service, and Coinhako trades under Payment Services Act licence PS20200556.
The contract itself does not change by geography: a MSFT perpetual settles in USDC everywhere.
13 venues open Microsoft perps to traders in Singapore.
ApeX
Aster
Avantis
gTrade
Helix
Hyperliquid
Lighter
Ondo
Ostium
Paradex
VestFour steps from sign-up to an open position.
No capital gains tax and no crypto-specific rate. IRAS states that gains from the sale of property, shares and financial instruments in Singapore are generally not taxable, and that because there are no capital gains taxes in Singapore, gains on digital tokens bought for long-term investment are not subject to tax.
Trading Microsoft from Singapore: legal.
Singapore traders can fund Microsoft positions using PayNow, FAST bank transfer and SWIFT / telegraphic transfer.
16 platforms serve Singapore for Microsoft trading, among them Aevo, ApeX and Aster.
Canborsa offers up to 20x leverage on Microsoft for traders based in Singapore.
Canborsa charges 0.07% per side (0.14% round trip) on Microsoft.