Buy 1inch Network
in Singapore

The future of a cryptocurrency is not predictable. However, cryptocurrency experts and analysts believe that 1inch would be a good investment if you want to keep it for the long-term. The price of this token has been predicted to rise to $7.76 by 2040.

No. According to the E-Tax Guide by IRAS, if you use cryptocurrencies to pay for goods and services, the person who pays by cryptocurrency won’t be taxed but the business providing the goods or services will be taxed instead based on the value of the goods or services being provided. This is because cryptocurrencies are not the same as fiat currencies (meaning they aren’t considered legal tender), and they are treated as intangible property for the purposes of income tax treatment. This might reduce the likelihood of businesses accepting your crypto tokens as a form of payment.

Yes. According to the E-Tax Guide by IRAS, crypto trading can be subject to income tax in Singapore, and in case you engage in crypto trading regularly, you should make a record of your transactions so that you can report them to the Monetary Authority of Singapore (MAS).

Sergej Kunz and Anton Bukov are the founders of the 1inch network. They were both crypto lovers before creating 1inch. Sergej was a famous YouTuber that worked on creating videos about analyzing the future of cryptocurrencies. Therefore, he was very familiar with this world.

It is estimated that over 550 thousand people, 9.40% of Singapore’s total population, currently own cryptocurrency.

Since the 1inch platform operates as a decentralized exchange, it is considered safe because on this type of network the user’s funds are not held directly on the platform, and they don’t require a third party to connect traders.