- KuCoin signs an MoU with Vietnam’s VBA and 1Matrix to boost blockchain infrastructure and digital asset adoption nationwide.
- Vietnam’s Digital Technology Law takes effect in Jan 2026, aligning with state-backed ambitions for a thriving crypto enterprise ecosystem by 2035.
- KuCoin unveils KuMining with roughly 10 EH/s for BTC and about 200 TH/s for DOGE/LTC, aiming near 10% of the Dogecoin network hashrate.
- Public access opens Sept 16, offering verified hashrate rentals, automatic daily credits, and risk tools without hardware or energy overhead.
KuCoin is moving on two fronts at once, pairing a strategic push into Vietnam with the launch of a new cloud mining service. These initiatives signal a bid to deepen blockchain adoption and broaden access to proof-of-work mining without forcing users to manage hardware or power contracts.
On the policy and infrastructure side, the exchange has entered a memorandum of understanding with the Vietnam Blockchain and Digital Assets Association (VBA) and 1Matrix. In parallel, its newly introduced KuMining platform offers verifiable, industrial-scale hashrate for BTC and DOGE/LTC via merged mining, positioned for retail and institutional participants alike.
Vietnam MoU: building rails for a digital economy
Through the MoU with VBA and 1Matrix, KuCoin aims to help Vietnam build modern blockchain rails, accelerate responsible use of digital assets, and support the country’s fast-growing digital economy, including local stablecoins like VNDC. The focus is on practical infrastructure that enables secure, compliant activity at national scale.
Vietnam’s momentum sets a favorable backdrop: a young, tech-forward population has made it one of the world’s most engaged crypto markets, while policy is evolving from ambiguity to structure. The nation’s Digital Technology Law, passed in June and due to take effect in January 2026, is designed to shape a robust, innovation-friendly ecosystem for blockchain firms.
Government-backed ambitions go even further, with initiatives pointing to the creation of a large base of crypto-related companies by 2035. For market entrants like KuCoin, arriving early could confer first-mover advantages as the new framework comes online. The exchange has also highlighted a compliance-led posture, including proof-of-reserves reporting and independent audits, to strengthen credibility ahead of formal rules.
Who brings what to the table
The collaboration leans on complementary strengths to tackle infrastructure, policy, and deployment. Together, the trio intends to make blockchain in Vietnam safer, more accessible and globally competitive.
- KuCoin contributes international exchange expertise and technology to help stand up secure, user-friendly services aligned with best practices.
- VBA focuses on standards and policy guidance so that pilots and production systems fit Vietnam’s national blockchain strategy for 2025–2030.
- 1Matrix operates local infrastructure, including the Vietnam Blockchain Multi-Chain Service Network (VBSN), to speed up real-world implementations across public and private sectors.
KuMining takes aim at verified, industrial-scale hashrate
KuMining is a next-generation cloud mining platform built to return mining power to users by reducing entry barriers and decentralizing control of hashrate. It focuses on major PoW assets, offering Bitcoin hashrate alongside Dogecoin with merged mining for Litecoin, so users can participate without owning or managing rigs.
At launch, KuMining lists approximately 10 EH/s of real-time BTC hashrate and about 200 TH/s for DOGE/LTC. The Dogecoin allocation is framed as roughly 10% of the network’s mining power, which would place KuMining among the leading DOGE miners globally. Third-party stats indicate F2Pool remains the top Dogecoin pool, with around 910 TH/s and over 33% of known hashrate, followed by ViaBTC and AntPool.
Infrastructure, operations and transparency
Under the hood, KuMining aggregates energy resources ranging from 300 megawatts (MW) up to 2 gigawatts (GW), enabling instant activation and steady operations. The platform emphasizes auditability and public monitoring so participants can verify capacity and payouts with transparent data.
To stay competitive on efficiency and uptime, KuMining plans to expand monthly by deploying new water-cooled mining machines. The logistics model aims to pass supply-chain efficiencies to users through clear pricing and no intermediary mark-ups, aligning incentives around long-term performance.
Access, protections and timeline
Both retail and institutional users can rent verified hashrate from professional facilities, with daily mining returns auto-credited. That removes the need for hardware procurement, energy contracts, or rig maintenance, making participation more straightforward for non-technical users.
Risk management features and dollar-cost-averaging tools are built in to help smooth earnings over time and reduce volatility exposure. Public access is scheduled to begin on September 16, giving users immediate entry to capacity while the team scales footprint and monitoring.
Implications for Vietnam and the broader market
Taken together, the Vietnam MoU and the KuMining rollout point to a strategy that combines regulatory alignment with infrastructure delivery. For Vietnam, the partnership could mean faster development of local platforms, payment rails, and digital identity tools, all mapped to national goals for blockchain.
For the global crypto community, the moves showcase how international players, local associations, and infrastructure specialists can collaborate to advance adoption while keeping compliance in view. If successful, the model may encourage similar public-private coordination in other regions where demand is rising but the rules are still being finalized.
By leaning into Vietnam’s policy tailwinds and opening up cloud mining with verifiable capacity, KuCoin is positioning for an early stake in a market that’s shifting from promise to structure. The bet is that clear rules, credible infrastructure, and easier access will draw more users, more builders, and more capital to the networked economy Vietnam is now intent on building.
