美国正在将虚拟资产市场制度化，而韩国却在推迟这一进程

与制度化延迟的韩国不同，美国正在打造以当选总统唐纳德·特朗普为中心的虚拟资产宗主国地位。

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.

美国正在成为以当选总统唐纳德·特朗普为中心的虚拟资产宗主国，而韩国的制度化正在被推迟。

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.

特朗普任命 PayPal 前首席运营官 (COO) 大卫·萨克斯 (David Sachs) 担任“加密货币沙皇”，该职位将涉及建立虚拟资产监管框架。萨克斯也是下一任美国证券交易委员会主席保罗·阿特金斯（Paul Atkins）的亲密伙伴，后者是支持虚拟资产的。

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.

来自南非的美国企业家萨克斯是在线支付公司PayPal的联合创始人，并担任其首任首席运营官。他也是“Paypal 黑手党”的成员。 Paypal Mafia 是在线支付系统 PayPal 的早期高管，后来参与了 LinkedIn、Palantir Technology、Tesla、SpaceX 和 YouTube 等高科技公司的初创公司，并取得了巨大成功。

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 也是虚拟资产项目 ZRX 的顾问。萨克斯被任命为沙皇的消息传出，Zero X当天股价上涨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.

阿特金斯是美国证券交易委员会的下一任主席，他在 2002 年至 2008 年期间担任美国证券交易委员会委员，在雷曼兄弟危机前夕辞职。自2017年起，他还担任数字工商会通证联盟联合主席。 Token Alliance是为了发行数字资产和开发交易平台而成立的协会。

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."

一位虚拟货币行业的官员指出，“特朗普的新内阁正在推出，大量对虚拟资产市场友好的人正在制定不同范式的政策，但韩国只是在观望。”

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).

事实上，越来越多的代币投资者转向国内市场。这是因为他们认为海外代币交易所和去中心化交易所（DEX）有更多的投资机会。

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.

虚拟资产分析公司 CryptoQuant 的数据显示，本月 Upbit、Bithumb、Coinone、Cobbit 和 Gopax 等韩国排名前五的加密货币交易所的稳定币月交易量达到 13.7728 万亿韩元。这是 Tether (USDT) 和 Circle (USDC) 等稳定币的买卖交易价值之和。稳定币是每单位价格固定为 1 美元的硬币，它们不能以资本收益为目标。多被认为是转移到海外交易所或者个人钱包的需求。

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.

上个月该国排名前五的交易所的月稳定币交易量达到16万亿韩元，首次超过10万亿韩元，本月已经突破13万亿韩元。今年早些时候，全国前五名硬币交易所的稳定币月交易量保持在 2 万亿韩元左右，但在 11 个月内增长了 8 倍。