(a) The extent to which the interests of the market, its users and those who have a claim on the stablecoin issuer would be best served by the cancellation or amendment of the license;

(b) The extent to which other regulatory penalties could reasonably be expected to achieve the CBB’s desired supervisory objectives;

(c) The extent to which the stablecoin issuer has contravened the conditions of its license and/or the CBB Law, including the seriousness, duration and/or frequency of the contravention(s) concerned, and the extent to which the contraventions reflect more widespread or systemic weaknesses in controls and/or management;

(d) The extent to which the stablecoin issuer has been involved in financial crime or other criminal conduct; and

(e) The stablecoin issuer’s past compliance record and conduct following the contravention(s).