A South Korean cryptocurrency regulator Mr.Jung Ki-joon who is the Head of the Economic Policy Coordination Office for the South Korean Government was found dead in his home on Monday.
He was in charge of “Devising measures against cryptocurrency speculation”
Korea’s Yonhap News Agency says Jung is presumed to have suffered a heart attack, and that he had been under heavy stress since taking charge of cryptocurrency controls. However, an official has only said that they are still unsure about the cause of death.
Mr Jung had been handed a new job leading the Seoul crack down on the cryptocurrency industry near the end of last year.
Mr.Jung said in a briefing last month that cryptocurrencies, like Bitcoin, weren’t a legal currency and the government “would strongly respond to excessive cryptocurrency speculation and illegal activity,” according to WSJ.
Although South Korea has not banned the use of cryptocurrencies Last month Jung said that cryptocurrencies like bitcoin were not a form of legal currency and that the government would “strongly respond to excessive cryptocurrency speculation and illegal activity”. This is similar to the stance taken around the world, including in Australia and India.
South Korean regulators have had an especially agitated relationship with cryptocurrencies, with protests, allegations of insider trading, rumours of crackdowns and other difficulties.
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