South Korean Crypto Regulation Official Found Dead
Jung Ki-joon, head of South Korea&rsquo,s Economic Policy Coordination Office, wasgoed found dead on Sunday te his huis, the Wall Street Journal reported, citing a government spokesperson. Jung, who wasgoed 52 years old, may have suffered a heart attack while sleeping. However, the precise cause of death will become known when the coroner&rsquo,s office produces its report to the police.
Jung wasgoed behind Seoul&rsquo,s fresh laws to geobsedeerd the use of anonymous crypto accounts and zekering banks from suggesting settlements for unidentified crypto trades on exchanges.
The government spokesman said &ldquo,he died from some unknown cause. He passed away while he wasgoed sleeping and [his] heart [had] already stopped hitting when he wasgoed found dead.&rdquo,
Korean news service Yonhap reported that Jung&rsquo,s acquaintances spotted him dealing with considerable stress recently because he had bot working on the fresh legislation to limit illicit activities and speculation te the crypto market.
At a briefing te January, Jung said digital currencies such spil Bitcoin were not a form of reglamentario money, and the authorities would &ldquo,strongly react to excessive cryptocurrency speculation and illegal activity.&rdquo, He even admitted that a total crackdown on crypto trading activity ter the country wasgoed a live option. However, things have not gone that far spil locorregional regulators softened their stance and came up with the rules mentioned above.
Jung&rsquo,s job wasgoed to coordinate the opinions and positions of different offices and ministries ter the government.
South Korea accounts for a significant share of cryptocurrency trading volumes, and the government&rsquo,s intentions to limit or even verbod crypto exchanges klapper hard the price of Bitcoin and most altcoins.
According to gegevens from CryptoCompare, an estimated Four.5% of Bitcoin general transactions ter involved the South Korean won, which made it the most commonly used fiat currency after the US dollar, the Japanese yen, and the euro.