CZ Calls for ASEAN‑Wide Crypto License Passporting to Streamline Regional Market Access

TL;DR

• Regional Proposal: CZ backed Crypto License Passporting to let firms licensed in one ASEAN market enter others through simplified approvals, reducing duplication and easing regional expansion.
• Existing Models: The ACMF’s cross-border fund and adviser frameworks show how streamlined authorization could support Crypto Passporting without requiring full relicensing.
• Market Impact: Zhao said Crypto License Passporting would lower compliance costs, boost competition and improve consumer services across ASEAN’s fragmented regulatory landscape, aligning with broader digital economy goals.
  

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Binance co-founder Changpeng “CZ” Zhao urged ASEAN regulators to adopt a unified model for Crypto License Passporting, arguing that companies already vetted in one jurisdiction should be able to enter others through a simplified approval process. Speaking at the ASEAN Tech Summit Manila 2026, Zhao said the region’s fragmented rules slow down innovation and create unnecessary duplication for firms seeking broader market access.

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