Zhao Changpeng Endorses ASEAN Crypto Passport System to Cut Compliance Costs

Zhao Changpeng advocates for a unified ASEAN crypto licensing framework to replace fragmented national approvals, aiming to lower compliance burdens and boost regional competition.

Woofun AI reports that Zhao Changpeng voiced support for a "passport system" for crypto licenses at the 2026 ASEAN Tech Summit in Manila. He argued that a regional framework would eliminate redundant full licensing procedures across member states, thereby reducing compliance costs and fostering competition. Currently, fragmented regulations force firms to navigate separate approval processes in each country, whereas a unified system would streamline operations for cryptocurrency and stablecoin services.