Binance co-founder CZ backed crypto license passporting across ASEAN to simplify approvals, reduce compliance costs and encourage competition. Binance co-founder Changpeng “CZ” Zhao backed crypto license passporting across ASEAN, arguing that firms regulated in one market should be able to enter others through a simplified approval process rather than applying from scratch. Speaking Tuesday during the “One ASEAN, One Digital Economy” fireside chat at the ASEAN Tech Summit Manila 2026, Zhao backed an idea raised by FinTech Alliance PH founding chair Lito Villanueva for regulatory passporting or license portability. Zhao said regulators could still review applicants but should not require them to complete another full licensing application from scratch. Binance co-founder Changpeng Zhao (left) with FinTech Alliance PH founding chair Lito Villanueva (right) at the ASEAN Summit in Manila.