5. Meaning of “reporting Singaporean crypto‑asset service provider”

In these Regulations, “reporting Singaporean crypto‑asset service provider” means a reporting crypto‑asset service provider —

that is an entity or individual resident in Singapore for a tax purpose;

that is an entity that —

is incorporated or registered under the laws of Singapore; and (ii)is either a legal person or under a duty to file a return to the Comptroller with respect to its income under the Act;

that is an entity managed from Singapore;

that is an entity or individual that has a regular place of business in Singapore; or

that has a branch in Singapore through which relevant transactions are effectuated,and that is not exempt under paragraph C, D, E, F or G of Section I of the CARF (as modified by regulation 4) from the reporting and due diligence requirements in Sections II and III of the CARF, as modified by regulation 4.