CZ Proposes ASEAN Crypto Passport for Easier Regional Expansion

Binance co-founder Changpeng 'CZ' Zhao proposed the introduction of a regional cryptocurrency passport for ASEAN countries during a recent fireside discussion.

The passport would allow regulated firms to operate across multiple jurisdictions without repeating full applications, simplifying the licensing process and reducing market-entry costs.

Crypto companies currently face separate national requirements, compliance checks, and supervisory demands in each country, making regional expansion challenging. A common process could make it easier for exchanges, custodians, and stablecoin payment providers to operate across Southeast Asia.