KuCoin, one of the largest cryptocurrency exchanges globally, has signed a strategic Memorandum of Understanding with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix Joint Stock Company. This agreement is aimed at enhancing blockchain infrastructure and the digital economy in Vietnam.
Overview of the Agreement
The agreement between KuCoin, VBA, and 1Matrix marks a pivotal step in solidifying KuCoin’s position in Vietnam’s blockchain space. The initiative includes pilot trading platforms, digital payment solutions, and international-standard risk management tools.
Goals and Intentions of the Partners
The signing of the Memorandum allows KuCoin to share advanced technology and best practices, while 1Matrix and VBA will manage local infrastructure projects and policy advocacy. The primary goal of the partnership is to create a sustainable financial ecosystem that supports local startups in accessing international markets.
Impact on Vietnam's Blockchain Ecosystem
This cooperation will not only strengthen Vietnam’s position on the global blockchain map but will also enhance education levels in digital assets and foster trust within the crypto community. The head of KuCoin has expressed confidence that this partnership will pioneer blockchain technology development in the country.
The agreement between KuCoin, 1Matrix, and VBA will establish a foundation for a progressive model in Vietnam's blockchain sector, facilitating the implementation of the National Blockchain Strategy and enhancing the country's competitiveness on the global stage.
