diff --git a/pkg/compiler/syscall_test.go b/pkg/compiler/syscall_test.go
index c9a960629..f0080b476 100644
--- a/pkg/compiler/syscall_test.go
+++ b/pkg/compiler/syscall_test.go
@@ -64,7 +64,6 @@ func TestSyscallExecution(t *testing.T) {
 		"contract.Call":                    {interopnames.SystemContractCall, []string{u160, `"m"`, "1", "3"}, false},
 		"contract.CreateMultisigAccount":   {interopnames.SystemContractCreateMultisigAccount, []string{"1", pubs}, false},
 		"contract.CreateStandardAccount":   {interopnames.SystemContractCreateStandardAccount, []string{pub}, false},
-		"contract.IsStandard":              {interopnames.SystemContractIsStandard, []string{u160}, false},
 		"contract.GetCallFlags":            {interopnames.SystemContractGetCallFlags, nil, false},
 		"iterator.Create":                  {interopnames.SystemIteratorCreate, []string{pubs}, false},
 		"iterator.Next":                    {interopnames.SystemIteratorNext, []string{"iterator.Iterator{}"}, false},
diff --git a/pkg/core/interop/interopnames/names.go b/pkg/core/interop/interopnames/names.go
index 96f7e0ddd..0ad602163 100644
--- a/pkg/core/interop/interopnames/names.go
+++ b/pkg/core/interop/interopnames/names.go
@@ -10,7 +10,6 @@ const (
 	SystemContractCallNative            = "System.Contract.CallNative"
 	SystemContractCreateMultisigAccount = "System.Contract.CreateMultisigAccount"
 	SystemContractCreateStandardAccount = "System.Contract.CreateStandardAccount"
-	SystemContractIsStandard            = "System.Contract.IsStandard"
 	SystemContractGetCallFlags          = "System.Contract.GetCallFlags"
 	SystemContractNativeOnPersist       = "System.Contract.NativeOnPersist"
 	SystemContractNativePostPersist     = "System.Contract.NativePostPersist"
@@ -50,7 +49,6 @@ var names = []string{
 	SystemContractCallNative,
 	SystemContractCreateMultisigAccount,
 	SystemContractCreateStandardAccount,
-	SystemContractIsStandard,
 	SystemContractGetCallFlags,
 	SystemContractNativeOnPersist,
 	SystemContractNativePostPersist,
diff --git a/pkg/core/interop_system.go b/pkg/core/interop_system.go
index bfd04fed0..b20e8a7da 100644
--- a/pkg/core/interop_system.go
+++ b/pkg/core/interop_system.go
@@ -14,8 +14,6 @@ import (
 	"github.com/nspcc-dev/neo-go/pkg/crypto/hash"
 	"github.com/nspcc-dev/neo-go/pkg/crypto/keys"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract"
-	"github.com/nspcc-dev/neo-go/pkg/util"
-	"github.com/nspcc-dev/neo-go/pkg/vm"
 	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
 )
 
@@ -176,31 +174,6 @@ func storageContextAsReadOnly(ic *interop.Context) error {
 	return nil
 }
 
-// contractIsStandard checks if contract is standard (sig or multisig) contract.
-func contractIsStandard(ic *interop.Context) error {
-	h := ic.VM.Estack().Pop().Bytes()
-	u, err := util.Uint160DecodeBytesBE(h)
-	if err != nil {
-		return err
-	}
-	var result bool
-	cs, _ := ic.GetContract(u)
-	if cs != nil {
-		result = vm.IsStandardContract(cs.NEF.Script)
-	} else {
-		if tx, ok := ic.Container.(*transaction.Transaction); ok {
-			for _, witness := range tx.Scripts {
-				if witness.ScriptHash() == u {
-					result = vm.IsStandardContract(witness.VerificationScript)
-					break
-				}
-			}
-		}
-	}
-	ic.VM.Estack().PushVal(result)
-	return nil
-}
-
 // contractCreateMultisigAccount calculates multisig contract scripthash for a
 // given m and a set of public keys.
 func contractCreateMultisigAccount(ic *interop.Context) error {
diff --git a/pkg/core/interop_system_test.go b/pkg/core/interop_system_test.go
index bd3084beb..feaaf581a 100644
--- a/pkg/core/interop_system_test.go
+++ b/pkg/core/interop_system_test.go
@@ -6,9 +6,7 @@ import (
 	"math/big"
 	"testing"
 
-	"github.com/nspcc-dev/dbft/crypto"
 	"github.com/nspcc-dev/neo-go/internal/random"
-	"github.com/nspcc-dev/neo-go/pkg/config/netmode"
 	"github.com/nspcc-dev/neo-go/pkg/core/interop"
 	"github.com/nspcc-dev/neo-go/pkg/core/interop/contract"
 	"github.com/nspcc-dev/neo-go/pkg/core/interop/interopnames"
@@ -30,65 +28,6 @@ import (
 	"github.com/stretchr/testify/require"
 )
 
-func TestContractIsStandard(t *testing.T) {
-	v, ic, chain := createVM(t)
-
-	t.Run("contract not stored", func(t *testing.T) {
-		priv, err := keys.NewPrivateKey()
-		require.NoError(t, err)
-
-		pub := priv.PublicKey()
-		tx := transaction.New(netmode.TestNet, []byte{1, 2, 3}, 1)
-		tx.Scripts = []transaction.Witness{
-			{
-				InvocationScript:   []byte{1, 2, 3},
-				VerificationScript: pub.GetVerificationScript(),
-			},
-		}
-		ic.Container = tx
-
-		t.Run("true", func(t *testing.T) {
-			v.Estack().PushVal(pub.GetScriptHash().BytesBE())
-			require.NoError(t, contractIsStandard(ic))
-			require.True(t, v.Estack().Pop().Bool())
-		})
-
-		t.Run("false", func(t *testing.T) {
-			tx.Scripts[0].VerificationScript = []byte{9, 8, 7}
-			v.Estack().PushVal(pub.GetScriptHash().BytesBE())
-			require.NoError(t, contractIsStandard(ic))
-			require.False(t, v.Estack().Pop().Bool())
-		})
-	})
-
-	t.Run("contract stored, true", func(t *testing.T) {
-		priv, err := keys.NewPrivateKey()
-		require.NoError(t, err)
-
-		pub := priv.PublicKey()
-		ne, err := nef.NewFile(pub.GetVerificationScript())
-		require.NoError(t, err)
-		err = chain.contracts.Management.PutContractState(ic.DAO,
-			&state.Contract{ContractBase: state.ContractBase{ID: 42, Hash: pub.GetScriptHash(), NEF: *ne}})
-		require.NoError(t, err)
-
-		v.Estack().PushVal(pub.GetScriptHash().BytesBE())
-		require.NoError(t, contractIsStandard(ic))
-		require.True(t, v.Estack().Pop().Bool())
-	})
-	t.Run("contract stored, false", func(t *testing.T) {
-		script := []byte{byte(opcode.PUSHT)}
-		ne, err := nef.NewFile(script)
-		require.NoError(t, err)
-		require.NoError(t, chain.contracts.Management.PutContractState(ic.DAO,
-			&state.Contract{ContractBase: state.ContractBase{ID: 24, Hash: hash.Hash160(script), NEF: *ne}}))
-
-		v.Estack().PushVal(crypto.Hash160(script).BytesBE())
-		require.NoError(t, contractIsStandard(ic))
-		require.False(t, v.Estack().Pop().Bool())
-	})
-}
-
 func TestContractCreateAccount(t *testing.T) {
 	v, ic, _ := createVM(t)
 	t.Run("Good", func(t *testing.T) {
diff --git a/pkg/core/interops.go b/pkg/core/interops.go
index ee30a429b..9cc2aa553 100644
--- a/pkg/core/interops.go
+++ b/pkg/core/interops.go
@@ -35,7 +35,6 @@ var systemInterops = []interop.Function{
 	{Name: interopnames.SystemContractCallNative, Func: native.Call, Price: 0, ParamCount: 1},
 	{Name: interopnames.SystemContractCreateMultisigAccount, Func: contractCreateMultisigAccount, Price: 1 << 8, ParamCount: 2},
 	{Name: interopnames.SystemContractCreateStandardAccount, Func: contractCreateStandardAccount, Price: 1 << 8, ParamCount: 1},
-	{Name: interopnames.SystemContractIsStandard, Func: contractIsStandard, Price: 1 << 10, RequiredFlags: callflag.ReadStates, ParamCount: 1},
 	{Name: interopnames.SystemContractGetCallFlags, Func: contractGetCallFlags, Price: 1 << 10},
 	{Name: interopnames.SystemContractNativeOnPersist, Func: native.OnPersist, Price: 0, RequiredFlags: callflag.WriteStates},
 	{Name: interopnames.SystemContractNativePostPersist, Func: native.PostPersist, Price: 0, RequiredFlags: callflag.WriteStates},
diff --git a/pkg/interop/contract/contract.go b/pkg/interop/contract/contract.go
index 0fe1b88bc..88f4295e3 100644
--- a/pkg/interop/contract/contract.go
+++ b/pkg/interop/contract/contract.go
@@ -24,12 +24,6 @@ const (
 	NoneFlag CallFlag = 0
 )
 
-// IsStandard checks if contract with provided hash is a standard signature/multisig contract.
-// This function uses `System.Contract.IsStandard` syscall.
-func IsStandard(h interop.Hash160) bool {
-	return neogointernal.Syscall1("System.Contract.IsStandard", h).(bool)
-}
-
 // CreateMultisigAccount calculates script hash of an m out of n multisignature
 // script using given m and a set of public keys bytes. This function uses
 // `System.Contract.CreateMultisigAccount` syscall.