Market News / Story
Cardano's New Standard Lets Issuers Freeze and Seize Tokens: Is Your ADA Safe?
Beincrypto ·
Beincrypto reports: 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 creates a native token standard with built-in compliance controls. Issuers can freeze holdings, seize…