Four PillarsFour PillarsAsia Digital Asset Policy Center

Topics · Domains · Onchain finance

Staking, restaking and yield.

Staking lets token holders earn rewards for securing a network. Offered by an exchange, it can look like an investment product or a deposit.

Regulators are split: some allow licensed platforms to offer it with safeguards, others treat yield as a red line.

By market · 7 sources across 5 markets

Southeast Asia

  • Singapore1 source
    • MAS Publishes Investor Protection Measures for Digital Payment Token ServicesGuidanceMonetary Authority of Singapore (MAS) · 3 Jul 2023

      Requires customer assets to be held under statutory trust and bars DPT firms from facilitating lending and staking of retail customers' tokens.

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    Singapore's full rulebook

Middle East

  • Bahrain1 source
    • Stablecoin Issuance and Offering Module (July 2025, PDF)In forceCentral Bank of Bahrain (CBB) · Jul 2025

      Full text of the SIO Module as first issued in July 2025. It allows yield-bearing approved stablecoins paid only from reserve income and requires reporting of stablecoin payments for goods and services in Bahrain.

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    Bahrain's full rulebook
  • UAE1 source
    • ADGM FSRA Finalises Regulatory Framework for the Staking of Virtual AssetsIn forceFinancial Services Regulatory Authority of ADGM (FSRA) · 29 Apr 2026

      Allows firms with Providing Custody or Managing Assets permissions to stake clients' Accepted Virtual Assets after notifying the FSRA, with rewards limited to Accepted Virtual Assets and Accepted Fiat-Referenced Tokens, following Consultation Paper No. 10 of 2025.

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    UAE's full rulebook

Oceania

  • Australia2 sources
    • ASIC successful in High Court Block Earner appeal (26-124MR)GuidanceAustralian Securities and Investments Commission (ASIC) · 17 Jun 2026

      The High Court ruled 7-0 that Block Earner's fixed-yield Earner product was a financial product and a derivative, confirming that the financial product definition is broad and technology neutral.

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    • Information Sheet 225 (INFO 225): Digital assets: Financial products and servicesGuidanceAustralian Securities and Investments Commission (ASIC) · 29 Oct 2025

      ASIC's main guidance on when digital assets are financial products, with 18 worked examples covering stablecoins, wrapped tokens, staking and tokenised assets. Updated October 2025, with minor edits in April 2026.

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    Australia's full rulebook

Offshore hubs

  • Bermuda2 sources
    • Digital Asset Business Single Currency Pegged Stablecoins (SCPS) GuidanceGuidanceBermuda Monetary Authority (BMA) · Nov 2024

      Sets the BMA's expectations for licensed stablecoin issuers: segregated, high-quality liquid backing assets at least equal to coins in issue, monthly attestations, a published white paper, stress testing and recovery planning. Published with a stakeholder letter on 3 December 2024.

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    • Digital Asset Business Exemption Order 2023In forceMinistry of Finance · 23 Jun 2023

      Exempts the BMA and Government from DABA, and lets rewards programmes, in-game assets, data storage providers, intra-group activity and funds with a licensed manager claim exemption by notifying the BMA and filing an annual declaration.

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    Bermuda's full rulebook

No dedicated rule found yet in 26 markets: