SIO-14.3.2
The types of Directions that the CBB may issue in practice vary and will depend on the individual circumstances of a case. Generally, however, Directions require a stablecoin issuer or individual to undertake specific actions in order to address or mitigate certain perceived risks. They may also include restrictions on a stablecoin issuer’s activities until those risks have been addressed – for instance, a ban on the acceptance of new customers.
Added: July 2025