We are working towards issuing an asset on BitShares and need to control who can hold and trade the asset due to regulatory restrictions. We have set the Whitelist option and also the Issuers Approve Transfers.

• The Issuers Approve Transfers blocks transfers at the client so the issuer does not have an opportunity to approve.
• When Whitelist is turned on an no one is whitelisted, buy and sell trades are still allowed.

We are using WookieCoin on the Testnet.