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SIO-2.2.4

Pursuant to Article 48 (c) of the CBB Law, the CBB may cancel a license, for instance if a stablecoin issuer fails to satisfy any of its existing license conditions or in order to protect the legitimate interests of clients or creditors of the licensee. The CBB generally views the cancellation of a license as appropriate only in the most serious of circumstances and generally tries to address supervisory concerns through other means beforehand.

Added: July 2025