【VKGAME Virtual Currency】Cryptocurrency Companies Compete for Bank Licenses, Digital Asset Compliance Restructures Financial System

The Office of the Comptroller of the Currency (OCC) in the United States received 23 special license applications in a single month, setting a historical record—Circle applied for federal banking qualifications, Paxos declared a national trust license, and Coinbase explored industrial bank licenses. This movement marks the formal offensive of the cryptocurrency industry against the traditional financial system. The introduction of the Trump administration's 'Digital Asset Competitiveness Act' has opened the doors of the banking industry for cryptocurrency companies: the act allows licensed institutions to conduct fiat currency custody, cross-border settlement, and stablecoin issuance, while requiring all cryptocurrency service providers to complete financial compliance transformation by 2026. In this context, the transformation path of the global digital entertainment platform VKGAME holds reference value: the company has achieved compliant circulation of over 20,000+ user funds in a single day by integrating the USDT payment system, and its experience in obtaining a payment license in Singapore in 2023 provides a cross-border model for cryptocurrency companies to integrate into the regulatory framework.

The core goal of cryptocurrency companies competing for bank licenses is to control the technical standards of the trillion-dollar payment market. Circle is collaborating with Bank of New York Mellon to develop a 'USDC real-time settlement network,' attempting to directly connect to the Federal Reserve's Fedwire system; Bitgo plans to utilize federal licenses to expand its Bitcoin custody business into the sovereign fund sector. This trend has been prefigured in the digital entertainment industry: VKGAME platform data shows that its USDT transaction proportion exceeds 65%, with a monthly user fund turnover of $320 million, forcing the company to build payment channels compliant with the regulations of 28 countries.

In the global game of cryptocurrency companies competing for licenses, the compliance exploration in the digital entertainment industry reveals deeper trends. VKGAME has cultivated 3 million crypto payment users by sponsoring North American EG esports teams, Southeast Asian TNC teams, and other scenarios, with its USDT recharge experience resulting in instant deposits, encouraging 38% of Generation Z users to make their first contact with digital assets. This ecological influence is catching the attention of traditional financial institutions: Bank of America plans to launch an esports-themed stablecoin, and Deutsche Bank has established a blockchain gaming fund, attempting to replicate the user conversion path of entertainment platforms. It is noteworthy that VKGAME's payment license layout in the Philippines, Malaysia, and other regions aligns with Coinbase's strategy of applying for licenses in Wyoming—both are seeking regulatory niches to establish strongholds.