They found a dead South Korean man who imposed the measures against the crypto
A South Korean leader, who was in charge of applying Seoul's measures against crypto trade, was found dead in his home on Sunday, according to a spokesman for the country's government.
Yung Ki-Jung was responsible for economic policy at the Office of Government Policy Coordination.
He has coordinated efforts to create new laws aimed at curbing speculative trade in crypto and illegal activities with them, the WSJ said.
Yonhap, a semi-official news agency, says Yung is believed to have suffered a heart attack, and police have begun investigating the causes of his death. According to Yonhap, he was found in his home.
According to a government spokesman, "the reasons for his death are unclear. He died in his sleep and his heart had already stopped when he was discovered. "
According to Jung's colleagues, he has been subjected to severe stress in recent months, while South Korea has been trying to fight speculative trading with crypto, Yonhap said.
South Korea is one of the biggest markets for crypto trade and the threat of new regulations has negatively affected the cost of this year's Bitcoin after the sharp rise in the crypto in 2017
The Bitcoin today is traded at about $ 11,500, according to CoinDesk. Crypto rise almost to $ 20,000 in December, before efforts to regulate globally to gain strength.
This led to a depreciation of the Bitcoin by nearly 70%, with the crypto falling to less than $ 6,000 earlier in the month.
Nevertheless, the Bitcoin started in 2017 at a price of less than $ 1,000. The investment enthusiasm in South Korea was one of the reasons for the surge in prices last year.
About 4.5% of all shipbuilding transactions last year featured Korean voyage, making it the most commonly used Fiat currency in the Bitcoin trade - after the US dollar, the Japanese yen and the euro, according to CryptoCompare.
The Vault has also been the second most commonly used currency to trade with alternative cryptos such as Ether and Bitcoin Cash.
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