CZ Calls for Crypto License 'Passporting' Across ASEAN to Slash Red Tape
Binance co-founder Changpeng Zhao (CZ) is pushing for a revolutionary regulatory shift by advocating for crypto license passporting across the ASEAN region. Speaking at the ASEAN Tech Summit Manila 2026, Zhao argued that firms already regulated in one member state should benefit from simplified entry into others, rather than facing redundant and costly approval processes.
This proposed regional framework aims to tackle the high compliance costs and market fragmentation that currently hinder the growth of digital asset services. By implementing license portability, the ASEAN region could significantly boost competition and streamline the operations of crypto and stablecoin providers throughout Southeast Asia.
During the “One ASEAN, One Digital Economy” fireside chat at the ASEAN Tech Summit Manila 2026, Zhao supported an idea raised by Lito Villanueva, founding chair of FinTech Alliance PH, regarding regulatory passporting or license portability. Zhao emphasized that while regulators should still review applicants, companies should not be required to complete a full licensing application from scratch if they are already regulated. Currently, member states regulate digital assets separately, creating multiple hurdles for companies seeking a regional presence. A unified framework could bridge these gaps for crypto and stablecoin services.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CoinTelegraphSupport Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
South Korean Giants LG CNS and POSCO International Deploy Live Trade Data on Injective
This strategic deployment addresses critical legacy trade bottlenecks by bringing real-time data directly onto the Injective blockchain. The collaboration between LG CNS and POSCO International signals a massive shift toward institutional-grade DeFi, proving that blockchain technology can effectively manage complex, large-scale international trade assets.
The BlackRock Signal: How the CLARITY Act Could Trigger a Programmable Money Revolution
Beyond mere compliance, the implications of this act point toward a massive shift into the era of programmable money. As legal frameworks solidify, the convergence of traditional finance and blockchain technology is expected to accelerate, driving innovation in automated finance and smart contract integration on a global scale.
Goodbye High FX Fees? Ratio CEO Unveils Multi-Currency Stablecoin Vision to Transform Asian Trade
By utilizing local currency stablecoins to complement USD-pegged assets, this strategy eliminates the need for double FX conversions and reduces massive financial overhead. This evolution in digital payment infrastructure could solve the chronic issues of time-zone mismatches and liquidity friction, providing a seamless bridge for commerce across the Asian markets.
Zimbabwe Embraces the Future: Seven Fintech and Tokenization Projects Enter Regulatory Sandbox
While sandbox participation allows for supervised testing of crowdfunding and synthetic trading models, it does not guarantee full commercial registration. This regulatory move provides a controlled environment for blockchain-based capital raising to evolve, potentially reshaping how the nation approaches modern financial markets and digital asset management.
End of an Era? Stablecoin Market Shrinks for First Time in 4 Years, but Usage Surges
Contrary to the declining market cap, transaction velocity tells a completely different story: practical utility is skyrocketing. While stagnant capital decreases, the real-world use of stablecoins as liquidity tools and mediums of exchange proves that the digital financial infrastructure is becoming more efficient and dynamic, despite the fluctuations in total volume.
Quantum Crisis? Hong Kong Banks Score Low on Security Readiness Amid Tokenization Boom
This regulatory push arrives as Hong Kong aggressively scales its tokenized finance ecosystem, including green bonds and digital asset settlement. As the city moves traditional financial activities onto distributed ledgers through initiatives like Project Ensemble, the HKMA has set a definitive deadline to reach full quantum readiness by 2030.
