$ADA just rolled out CIP-0113 on mainnet — now token issuers can FREEZE and SEIZE assets if they opt into this framework.
Key points:
- Only applies to tokens where issuer explicitly enables this policy
- NOT network-wide — your existing $ADA and native tokens are unaffected unless issuer chose this route
- Designed for compliance-heavy use cases (think stablecoins, securities, regulated assets)
The debate: Does this make institutional tokens more credible... or does it introduce centralization risks that go against crypto ethos?
Personally? If you're holding random memecoins or community tokens on Cardano, check if they're using CIP-0113. If yes, you're trusting the issuer with kill-switch power. If no, you're good.
This is a double-edged sword — bullish for TradFi onboarding, bearish for decentralization purists.
Key points:
- Only applies to tokens where issuer explicitly enables this policy
- NOT network-wide — your existing $ADA and native tokens are unaffected unless issuer chose this route
- Designed for compliance-heavy use cases (think stablecoins, securities, regulated assets)
The debate: Does this make institutional tokens more credible... or does it introduce centralization risks that go against crypto ethos?
Personally? If you're holding random memecoins or community tokens on Cardano, check if they're using CIP-0113. If yes, you're trusting the issuer with kill-switch power. If no, you're good.
This is a double-edged sword — bullish for TradFi onboarding, bearish for decentralization purists.