Can a smart-contract token be transferable today but frozen later?

Some token designs reserve issuer powers such as pausing, freezing or blacklisting. A live transfer now does not establish that transfers will always remain enabled.

The answer

Some token designs reserve issuer powers such as pausing, freezing or blacklisting. A live transfer now does not establish that transfers will always remain enabled.

What to do next

Inspect administrator roles and the contract's pause or freeze extensions before treating the asset as unrestricted.

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