Just want to understand something about UIAs.
I understand the issuer has the power to take back the UIA to the end user that receives it.
After that though, the holder then goes to the BTS market and sells it to someone else who buys it.
Does the issuer of the UIA still have the capability to know who that new holder is and potentially clawback the asset?
This is not yet implemented in the client.
From what I understand, every UIA will have a set of permissions of the issue
registered alongside the asset itself, like a parameter of the asset.
If you buy up those assets you are (read: should be) very well aware of that
fact. It's the same with traditional stock. That's also the motivation for this.
The devs want a UIA system that can support (if required) a regulated market. So
you have to be able to freeze funds, take them away from you, lock trading, and
most importantly, identify every holder.