Binance Co-founder CZ Backs Crypto License Passporting Framework for ASEAN

At ASEAN Tech Summit Manila 2026 on Tuesday, Binance co-founder Changpeng "CZ" Zhao backed a crypto license passporting framework for the region, arguing that firms regulated in one ASEAN market should enter others through simplified approval rather than full re-licensing. Zhao, speaking in a fireside chat, said regulators could still review applicants but should not require complete new applications, reducing compliance costs and encouraging competition across the bloc's fragmented digital asset markets.
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