South Korea’s Crypto Regulator Found Dead in His Home

Jung Ki-joon, who took part in the coordination of the shaping of the digital money policies of South Korea, which has been on the agenda of the whole world with the rumor of ban in the past months, found dead at his home.

South Korea’s Director of the Office of Policy Coordination, Jung Ki-joon, was found dead at his home on Sunday. The 52-year-old politician was involved in the coordination of the government’s shaping of policies regarding digital money.

While the police launched an investigation into the incident, his relatives told the semi-official news agency Yonhap that Jung has been under a lot of stress lately.

South Korea is one of the most critical countries in the cryptocurrency world because it has 20 percent of the total trade. 4.5 percent of Bitcoin purchases in 2017 were made in South Korean won. The currencies that are used more than the won are the US dollar, Japanese yen and euro.

The Financial Services Commission announced on January 23 that some banks will allow crypto currency trading from January 30.

Bitcoin, which was pulled to the level of 6 thousand dollars after reaching the limit of 20 thousand dollars, is trading with a valuation of over 11 thousand dollars.

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