Crypto HeadlinesFreezing and withdrawing tokens is now possible on Cardano
At the TOKEN2049 conference in Singapore, representatives of the Cardano Foundation announced the launch of a new standard, CIP-0113, for regulated stablecoins, funds, bonds, and other tokenized assets.
Issuers will be able to embed KYC/AML checks, sanctions restrictions, and prohibit transfers to specific addresses within tokens.
Assets can be frozen, withdrawn, and transferred without the owner's consent if such powers are provided for by the rules of a specific token.
- Rules are automatically applied during token transfer, issuance, and burning
- Issuers will be able to update rules as legislation changes
The standard has already been launched following independent security audits. No hard fork was required for its implementation.
17.5K views
