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DA NANG, Vietnam, Aug. 29, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange, announced that its Vice President and Head of Group Commercial, Mr. Damen Chen, joined industry leaders at the Da Nang Finance and Tech Week in Vietnam to discuss the central role of exchanges in building transparent liquidity and a sustainable digital asset market.
Speaking on the panel "Building the Digital Asset Market: The Central Role of Exchanges and Transparent Liquidity," Chen shared insights alongside executives from ONUS Exchange, Bitget Vietnam, and other industry representatives. He noted that while emerging markets have experienced rapid growth, liquidity transparency remains inconsistent, with issues such as fake volumes and shallow order books undermining trust. To address this, KuCoin has prioritized real-time order book data, regular proof-of-reserves reporting, and independent third-party audits, raising the bar for market accountability.
Chen emphasized that exchanges must serve as incubators rather than mere marketplaces, supporting local blockchain builders with fair listing opportunities, liquidity access, open APIs, and research insights. He also highlighted KuCoin Labs and KuCoin Ventures, which actively invest in early-stage Vietnamese projects and help them expand to international markets.
On compliance and fair competition, Chen reiterated KuCoin's strict enforcement of KYC/AML standards and transparent listing processes. KuCoin was among the first global exchanges to implement mandatory KYC, setting higher industry standards and ensuring credibility for both users and regulators.
Chen further stressed the importance of proactive regulatory engagement, citing KuCoin's global experience in policy consultations, compliance sandboxes, and white paper drafting. He also referenced KuCoin's milestone participation in Thailand's G-Token initiative, the world's first publicly offered tokenized government bond, announced on August 27, 2025. This case, he said, shows how exchanges can work hand-in-hand with governments to pioneer compliant, innovative financial instruments.
Looking ahead, Chen noted that tokenization and DeFi will be driven by technologies such as decentralized custody, atomic orders, and automated liquidity models. With its young, tech-savvy population, Vietnam is well positioned to lead adoption, and KuCoin is working closely with universities and local communities to prepare the next generation of talent.
Concluding the discussion, Chen underscored KuCoin's long-term vision: "Exchanges are not only gateways to digital assets but also guardians of trust. By committing to security, compliance, and transparency, we can build a digital asset market that is sustainable, credible, and beneficial to all stakeholders."
About KuCoin
Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the "Best Crypto Apps & Exchanges" and a "Top 50 Global Unicorn" by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/
DA NANG, Vietnam, Aug. 29, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange, announced that its Vice President and Head of Group Commercial, Mr. Damen Chen, joined industry leaders at the Da Nang Finance and Tech Week in Vietnam to discuss the central role of exchanges in building transparent liquidity and a sustainable digital asset market.
Speaking on the panel "Building the Digital Asset Market: The Central Role of Exchanges and Transparent Liquidity," Chen shared insights alongside executives from ONUS Exchange, Bitget Vietnam, and other industry representatives. He noted that while emerging markets have experienced rapid growth, liquidity transparency remains inconsistent, with issues such as fake volumes and shallow order books undermining trust. To address this, KuCoin has prioritized real-time order book data, regular proof-of-reserves reporting, and independent third-party audits, raising the bar for market accountability.
Chen emphasized that exchanges must serve as incubators rather than mere marketplaces, supporting local blockchain builders with fair listing opportunities, liquidity access, open APIs, and research insights. He also highlighted KuCoin Labs and KuCoin Ventures, which actively invest in early-stage Vietnamese projects and help them expand to international markets.
On compliance and fair competition, Chen reiterated KuCoin's strict enforcement of KYC/AML standards and transparent listing processes. KuCoin was among the first global exchanges to implement mandatory KYC, setting higher industry standards and ensuring credibility for both users and regulators.
Chen further stressed the importance of proactive regulatory engagement, citing KuCoin's global experience in policy consultations, compliance sandboxes, and white paper drafting. He also referenced KuCoin's milestone participation in Thailand's G-Token initiative, the world's first publicly offered tokenized government bond, announced on August 27, 2025. This case, he said, shows how exchanges can work hand-in-hand with governments to pioneer compliant, innovative financial instruments.
Looking ahead, Chen noted that tokenization and DeFi will be driven by technologies such as decentralized custody, atomic orders, and automated liquidity models. With its young, tech-savvy population, Vietnam is well positioned to lead adoption, and KuCoin is working closely with universities and local communities to prepare the next generation of talent.
Concluding the discussion, Chen underscored KuCoin's long-term vision: "Exchanges are not only gateways to digital assets but also guardians of trust. By committing to security, compliance, and transparency, we can build a digital asset market that is sustainable, credible, and beneficial to all stakeholders."
About KuCoin
Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the "Best Crypto Apps & Exchanges" and a "Top 50 Global Unicorn" by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
KuCoin Vice President Damen Chen Highlights Transparency and Compliance at Da Nang Finance and Tech Week in Vietnam
ALULA, Saudi Arabia, Jan. 16, 2026 /PRNewswire/ -- Today marks the official opening of Desert X AlUla 2026, the landmark fourth edition of the international, open-air biennial exhibition. Arts AlUla, in collaboration with Desert X, welcomes visitors to experience a stellar line-up of Saudi and international multi-generational artists whose site-responsive earthworks, sculptures, and installations will engage in a powerful dialogue with the awe-inspiring landscapes and layered heritage of AlUla.
As a premier destination rich in ancient history and breathtaking nature, AlUla, located in Northwest Saudi Arabia, solidifies its position on the global stage as a dynamic, emerging land art destination with Desert X AlUla, the region's first public art biennale, and a key highlight of the AlUla Arts Festival.
The 2026 edition of Desert X AlUla brings together 11 acclaimed artists whose diverse works reflect a wide spectrum of ideas, materials, and traditions. From monumental kinetic sculpture to sound-based explorations above and below ground, each commission is deeply rooted in relationships to AlUla's distinctive environment, further cementing Desert X AlUla's reputation as a globally significant platform for site-responsive land art.
Desert X AlUla runs until February 28, 2026, as a cornerstone of the annual AlUla Arts Festival. Curated by Wejdan Reda, Zoé Whitley, with artistic direction by Neville Wakefield, and Raneem Farsi, its fourth edition explores 'Space Without Measure.' Inspired by Kahlil Gibran, the theme fosters contemplation of imagination within AlUla's natural settings. The exhibition, set in the desert canyons of AlUla, serves as a pre-opening programme for Wadi AlFann, offering a pivotal glimpse into AlUla's plans to create a permanent land art 'Valley of the Arts.'
Hamad Alhomiedan, Director of Arts & Creative Industries at the Royal Commission for AlUla (RCU), said: "At Desert X AlUla 2026, audiences will engage with art that deeply converses with AlUla's unique landscapes and rich heritage. These compelling commissions highlight AlUla's dynamic transformation into a major global destination, where ancient and contemporary expressions converge. This exhibition is part of our broader revitalisation of AlUla as a culturally rich destination to live, work and visit and integral to positioning AlUla in the global dialogue of contemporary art and as a precursor to monumental projects like Wadi AlFann."
Participating artist/artworks are:
- Sara Abdu, A Kingdom Where No One Dies: Contours of Resonance
- Mohammad Alfaraj, What was the Question Again?
- Mohammed AlSaleem, The Thorn, AlShuruf Unit, The Triangles, Flower Bud, and Al Ahilla (courtesy of Royal Commission for Riyadh City)
- Tarek Atoui, The Water Song
- Bahraini-Danish, Bloom
- Maria Magdalena Campos-Pons, Imole Red
- Agnes Denes, The Living Pyramid
- Ibrahim El-Salahi, Haraza Tree
- Basmah Felemban, Murmur of Pebbles
- Vibha Galhotra, Future Fables
- Héctor Zamora, Tar HyPar
For further information, please contact:
Sabrine.Shaw@bursonglobal.com
AlUlaArtsFestival@bursonglobal.com
Multimedia gallery:
High-resolution photos of all 11 artists and their artworks can be found here.
About AlUla and Arts AlUla
Located 1,100 km from Riyadh, in North-West Saudi Arabia, AlUla is a place of extraordinary natural and human heritage. The vast area, covering 22,561km², includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned.
The most well-known and recognised site in AlUla is Hegra, the principal southern city of the Nabataean Kingdom and Saudi Arabia's first UNESCO World Heritage Site. AlUla is also home to ancient Dadan, the capital of the Dadan and Lihyan Kingdoms and considered to be one of the most developed 1st millennium BCE cities of the Arabian Peninsula, and Jabal Ikmah, an open air library of hundreds of inscriptions and writings in many different languages. AlUla Old Town Village, a labyrinth of more than 900 mudbrick homes was developed from at least the 12th century and has been revitalised as the vibrant hub for visitors and residents.
The creation of Arts AlUla within The Royal Commission for AlUla (RCU) is a commitment to crafting the next chapters in a millennia of artistic creation – celebrating cultural inheritance and shaping a future inspired by artists built be artists. The work of Arts AlUla seeks to preserve this legacy: fuse the old with the new; the local with the international, keeping the arts central to the spirit of AlUla as a place of extraordinary natural and human heritage.
Wadi AlFann, meaning 'Valley of the Arts,' will be a global cultural destination for land art, unveiling from 2028 onwards, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Desert X AlUla 2026: monumental land art exhibition opens in the ancient oasis of AlUla
