Binance founder CZ stated at the ASEAN Tech Summit in Manila that crypto companies already licensed in one ASEAN country should undergo simplified reviews when entering other member states, rather than completing the entire licensing process again. This would reduce compliance costs and promote competition. ASEAN has previously established similar mutual recognition mechanisms for cross-border fund sales and investment advisory services, but there is currently no regional passport system covering the crypto industry. (Cointelegraph) https://(wublock123.com)/news/cz-calls-asean-crypto-license-passport-65435