KuCoin Signs MoU to Enhance Blockchain Development in Vietnam
Seychelles-based crypto exchange KuCoin signed a Memorandum of Understanding (MoU) with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company. This collaboration aims to enhance blockchain infrastructure and digital asset development in Vietnam, aligning with the country's National Blockchain Strategy for 2025–2030.
- Focus areas include pilot trading platforms and payment solutions
- Development of digital identity and risk management tools
- Infrastructure building and community standardization
Under the agreement, KuCoin will provide advanced technologies while 1Matrix will manage domestic resources. VBA will handle policy advocacy.
This announcement follows Vietnam's recent regulatory developments, including the Law on Digital Technology Industry, effective January 1, 2026, which officially recognizes cryptocurrencies and introduces AML/KYC rules.
KuCoin's native token KCS has seen a 44% increase over the past month, trading around $15.02 with a daily rise of 1.5%.