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South Korean Cryptocurrency Regulator’s Death Investigated

The sudden death of Jung- Ki-joon, 52, leader at economic policy at the Office for Government Policy Coordination, is currently being investigated by South Korean police.
Ki–joon was found dead in his home from an apparent heart attack on Sunday, February 18. On a statement given by a government spokesperson to The Wall Street Journal, “they weren’t sure about the cause of death.”
Ki-joon’s job involved establishing rules for cryptocurrency in a massively unregulated, rapidly-growing market which the South Korean government aims to manage. Other details of his job included coordinating weekly meetings on regulating cryptocurrency transactions, which basically meant keeping all Bitcoin exchanges under heavy observation. When he began the job on November, his colleagues noted that he had been “under heavy stress” since taking up the job.
In a briefing held last month, Ki-joon said that cryptocurrencies, such as Bitcoin, are not legal currency and that the government “would strongly respond to excessive cryptocurrency speculation and illegal activity.”
Read more about the current stance of South Korea on cryptocurrency trading here.

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