SIO-1.2.5

The CBB may reject an application for issuance of a stablecoin if it determines that the issuance thereof might cause damage, dilute or be contrary to the interests of national economy, the holders of the stablecoin or public investors in general. The CBB may also refuse to grant its approval, postpone granting such approval, or impose additional terms and conditions on the issuance of stablecoins, if the CBB deems that the market condition or circumstances justifies such action.