The programmable token standard CIP-0113, advanced by the Cardano Foundation, has been approved and merged. It allows issuers to set KYC whitelists, restrict sanctioned addresses, define transfer rules, and freeze or seize assets when required by regulators or courts. It is primarily aimed at regulated stablecoins, tokenized stocks, bonds, and funds. The rules are automatically enforced when assets are transferred, without requiring a Cardano hard fork. (CoinDesk)