Cardano Launches New Standards, Allowing Issuers to Freeze and Confiscate Tokens
2026-10-09 00:45:04
According to CoinMeta, the Cardano Foundation announced on October 7th the launch of the mainnet for CIP-0113, a native token standard that allows issuers to directly freeze, confiscate, and restrict assets on the chain. This standard is aimed at regulated assets, and its powers of freezing and confiscating have raised legitimate questions regarding control. CIP-0113 is an improvement proposal to Cardano, creating a native token standard with built-in compliance controls. Issuers can freeze holdings, confiscate assets, restrict recipients, and apply KYC, AML, and sanctions checks. The programmable token standard Cardano has been launched on the mainnet, and issuers of stablecoins and other regulated assets can now directly build compliance rules within the native Cardano tokens. Enforcement is carried out through the Cardano ledger during the minting, destruction, and transfer processes. This design utilizes the EUTXO model from Cardano and does not require a hard fork, maintaining predictable enforcement costs. CIP-0113 also applies to stablecoins, tokenized funds, and other regulated assets.
Source:BeInCrypto
This content is for market information only and does not constitute investment advice.
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