Cardano Introduces CIP-0113 Standard, Allowing Token Issuers to Freeze, Seize, and Restrict Assets

Odaily News: The Cardano Foundation has introduced the CIP-0113 token standard, allowing issuers of regulated assets to restrict recipients based on predefined rules and to freeze, seize, or transfer token holdings. The standard enables issuers to implement such controls without requiring a hard fork of the Cardano network.

CIP-0113 requires compliance checks to be executed on every transfer, including identity verification and sanctions list screening. Issuers can choose or customize rules and update them as regulatory requirements change; under the authorization mechanism, relevant parties can transfer tokens without the holder's consent. (CoinDesk)