Given the increasing popularity of issued assets on the XRP Ledger and the various airdrops going on, it's probably a good idea to remind people that the XRP Ledger permits issuers to "freeze" assets that they issue. 1/7
If you choose to hold an asset that someone has issued, unless they have disabled this feature, they can prevent you from transferring the asset (other than destroying it). They can also unfreeze after a freeze. 2/7
This is a powerful feature that permits the XRP Ledger to be used to represent and transfer legal obligations. Legal obligations can be frozen by actions outside the ledger (such as a court order) and the ledger needs some way to represent those external actions. 3/7
But before you think of an issued asset as behaving like a cryptocurrency, make sure you've checked whether or not the issuer has disabled freezing. If they haven't disabled it, their issued asset isn't like cryptocurrencies. 4/7
Nobody issued XRP, so XRP can never be frozen on the XRP Ledger. But all assets other than XRP are issued, and their issuers can freeze them unless they've irrevocably given up that right. 5/7
If there's a project that's not being forthcoming and honest about this, please call them out. And ask them to give up the ability to freeze if it seems like this was just an oversight on their part. 6/7
Also, an issuer can abandon an asset entirely, preventing anyone from using it. This can be done temporarily or permanently. Currently, the only way to give up this ability is to abandon the issuing account by setting its regular key to zero and disabling its master key. 7/7
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