Cardano's New Standard Lets Issuers Freeze and Seize Tokens: Is Your ADA Safe?
On October 7, the Cardano Foundation announced the mainnet launch of CIP-0113, a native token standard that lets issuers freeze, seize, and restrict assets directly on-chain. The standard targets regulated assets, and its freeze and seizure powers raise fair questions about control. What CIP-0113 Means for Cardano Tokens CIP-0113 is a Cardano Improvement Proposal that The post Cardano's New Standard Lets Issuers Freeze and Seize Tokens: Is Your ADA Safe? appeared first on BeInCrypto.
Key Takeaways
- On October 7, the Cardano Foundation announced the mainnet launch of CIP-0113, a native token standard that lets issuers freeze, seize, and restrict assets directly on-chain.
- The standard targets regulated assets, and its freeze and seizure powers raise fair questions about control.
- What CIP-0113 Means for Cardano Tokens CIP-0113 is a Cardano Improvement Proposal that The post Cardano's New Standard Lets Issuers Freeze and Seize Tokens: Is Your ADA Safe?
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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