CZ Pushes for Crypto Passport System Across ASEAN Countries

Binance founder Changpeng Zhao (CZ) is calling for a common regulatory framework to support the cryptocurrency sector across Southeast Asia.

The 'crypto passport' system proposed by CZ would allow companies to operate with a single license in multiple ASEAN countries, instead of applying separately in each country.

This move aims to simplify operations and reduce costs for crypto companies, as well as accelerate the development of the digital asset sector in Southeast Asia.