美國正在將虛擬資產市場制度化，而韓國卻在延後這項進程

與制度化延遲的韓國不同，美國正在打造以當選總統川普為中心的虛擬資產宗主國地位。

The United States is emerging as a virtual asset suzerain state, with President-elect Donald Trump at the center, while institutionalization in Korea is being delayed.

美國正成為以當選總統川普為中心的虛擬資產宗主國，而韓國的製度化正在被推遲。

Trump has appointed David Sachs, former chief operating officer (COO) of PayPal, to the position of ‘crypto tsar’, a role that will involve establishing a virtual asset regulation framework. Sachs is also a close associate of Paul Atkins, the next chairman of the Securities and Exchange Commission, who is pro-virtual assets.

川普任命 PayPal 前首席營運長 (COO) 大衛·薩克斯 (David Sachs) 擔任“加密貨幣沙皇”，該職位將涉及建立虛擬資產監管框架。薩克斯也是下一任美國證券交易委員會主席保羅·阿特金斯（Paul Atkins）的親密夥伴，後者是支持虛擬資產的。

Sachs, an American entrepreneur from South Africa, co-founded online payment company PayPal and served as its first COO. He is also a member of the ‘Paypal Mafia’. The Paypal Mafia were early executives of PayPal, an online payment system, who went on to participate in startups of high-tech companies such as LinkedIn, Palantir Technology, Tesla, SpaceX, and YouTube, which became a huge success.

來自南非的美國企業家薩克斯風是線上支付公司PayPal的共同創辦人，並擔任其首任營運長。他也是「Paypal 黑手黨」的成員。 Paypal Mafia 是線上支付系統 PayPal 的早期高管，後來參與了 LinkedIn、Palantir Technology、Tesla、SpaceX 和 YouTube 等高科技公司的新創公司，並取得了巨大成功。

Sachs is also an advisor to ZRX, a virtual asset project. On the news that Sachs was appointed as Tsar, Zero X rose 42% on the same day.

Sachs 也是虛擬資產專案 ZRX 的顧問。薩克斯被任命為沙皇的消息傳出，Zero X 當天股價上漲 42%。

Atkins, the next chairman of the SEC, served as an SEC commissioner from 2002 to 2008 before stepping down just before the Lehman Brothers crisis. Since 2017, he has also been co-chair of the Token Alliance of the Digital Chamber of Commerce and Industry. Token Alliance is an association formed for the issuance of digital assets and the development of trading platforms.

阿特金斯是美國證券交易委員會的下一任主席，他在 2002 年至 2008 年期間擔任美國證券交易委員會委員，並在雷曼兄弟危機前夕辭職。自2017年起，他也擔任數位工商會通證聯盟聯合主席。 Token Alliance是為了發行數位資產和開發交易平台而成立的協會。

An official from the virtual currency industry pointed out, "Trump's new cabinet is being introduced as a large number of people who are friendly to the virtual asset market and are devising policies with different paradigms, but Korea is only looking."

一位虛擬貨幣行業的官員指出，“川普的新內閣正在推出，大量對虛擬資產市場友好的人正在製定不同範式的政策，但韓國只是在觀望。”

In fact, coin investors are increasingly leaving overseas in the domestic market. This is because they believe that there are much more investment opportunities in overseas coin exchanges and decentralized exchanges (DEX).

事實上，越來越多的代幣投資者轉向國內市場。這是因為他們認為海外代幣交易所和去中心化交易所（DEX）有更多的投資機會。

According to CryptoQuant, a virtual asset analysis company, stablecoin's monthly trading volume recorded 13.7728 trillion won in Korea's top five coin exchanges, including Upbit, Bithumb, Coinone, Cobbit, and Gopax, this month. This is the sum of the purchase and sale transaction value of stablecoins such as Tether (USDT) and Circle (USDC). Stablecoins are coins with a fixed price of $1 per unit, and they cannot aim for capital gains. It is mostly considered a demand for moving to overseas exchanges or personal wallets.

虛擬資產分析公司 CryptoQuant 的數據顯示，本月 Upbit、Bithumb、Coinone、Cobbit 和 Gopax 等韓國排名前五的加密貨幣交易所的穩定幣月交易量達到 13.7728 兆韓元。這是 Tether (USDT) 和 Circle (USDC) 等穩定幣的買賣交易價值總和。穩定幣是每單位價格固定為 1 美元的硬幣，它們不能以資本利得為目標。多被認為是轉移到海外交易所或個人錢包的需求。

The monthly stablecoin trading volume of the country's top five exchanges reached 16 trillion won last month, exceeding 10 trillion won for the first time, and it has already exceeded 13 trillion won this month. The monthly trading volume of stablecoins on the nation's top five coin exchanges remained at around 2 trillion won earlier this year, but increased eight-fold in 11 months.

上個月全國排名前五的交易所的月穩定幣交易量達到16兆韓元，首次超過10兆韓元，本月已經突破13兆韓元。今年早些時候，全國前五名硬幣交易所的穩定幣月交易量保持在 2 兆韓元左右，但在 11 個月內增加了 8 倍。