One of the crucial regulators for implementing tighter controls on cryptocurrency trading was found dead in his home in South Korea on Sunday. The 52-year old Jung Ki-joon has been leading the regulatory efforts towards the new initiative.
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According to Wall Street Journal, Jung Ki-joon had taken a leadership role in the legislation of cryptocurrencies and an illegal activity in cryptocurrency trading. This stress has apparently took a toll on him, according to some local reports cited by his colleagues.
What’s interesting right now is the cause of the death. The local authorities in South Korea have initiated an investigation on it – even though the local authorities claim that Jung Ki-joon most likely died from a heart attack. The official spokesperson was quoted saying that Ki-joon passed while he was sleeping.: As he stated:
“He died from some unknown cause. He passed away while he was sleeping and [his] heart [had] already stopped beating when he was found dead.”
One of the most recent news coming from Ki-joon included a briefing in January where he vowed that the government would “strongly respond to excessive cryptocurrency speculation and illegal activity”.
Obviously, there is a lot of pressure on government officials around decisions like these. Therefore, no one should cross off the opportunity of potential murder. The investigation on Ki-joon’s death will continue over the weeks.
Image Credit: YONHAP NEWS/ZUMA PRESS
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