• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
South Korean Exchange YouBit's $2.8 Million Insurance Claim Denied

South Korea Investigating Cryptocurrency Regulator’s Death

Dieter Holger
by Dieter Holger
7 years ago
·
Posted in Bitcoin, Altcoin News, Bitcoin Regulation, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A South Korean cryptocurrency regulator in charge of “devising measures against cryptocurrency speculation” was found dead in his home from an apparent heart attack on Monday, semiofficial government news agency Yonhap News reports. A government spokesperson told The Wall Street Journal they weren’t “sure about the cause of death.” 


South Korean police are investigating the death of Jung Ki-joon, 52, who led economic policy at the Office for Government Policy Coordination. His job involved developing rules for regulating cryptocurrency in a largely unregulated, fast-growing market the South Korean government seeks to manage.

Ki-joon was in charge of coordinating weekly meetings on regulating cryptocurrency transactions that began in November of last year. Hong Nam-ki, the minister of the Office for Government Policy Coordination, headed up the meetings.

Yonhap News reports his colleagues said he had been “under heavy stress” since taking the job late last year.

South Korea cryptocurrency regulator found dead at homehttps://t.co/cih96pqLL8

— Frank Chaparro (@fintechfrank) February 20, 2018

South Korean Crypto Surges

South Korea is a hot spot for trading Bitcoin. According to the government, the country’s 30 cryptocurrency exchanges saw 87.5 times more income in 2017 than the previous year, Yonhap News reports. The prices of Bitcoin have traded higher in South Korea than in other markets, at times by more than 50 percent.

The South Korean won, its currency, is the fourth most popular currency for exchanging Bitcoin after the U.S. dollar, Japanese yen and the euro. Roughly 5 percent of cryptocurrency transactions in 2017 were exchanged for won.

Ki-joon said in a briefing last month that cryptocurrencies, like Bitcoin, weren’t a legal currency and the government “would strongly respond to excessive cryptocurrency speculation and illegal activity,” according to WSJ.

How will South Korea Regulate?

How will South Korea Regulate?

South Korea continues to grapple with how to regulate the rapidly growing cryptocurrency market. The country’s finance minister, Kim Dong-yeon, said in late January that “there is no intention to ban or suppress cryptocurrency.”

When the country moved to legalize cryptocurrency exchanges early this year, they also issued a ban on anonymous exchanges, undermining the reason many people use cryptocurrency to protect their privacy.

South Korea is also considering a Bitcoin licensing scheme for exchanges, with Business Korea quoting a government official saying: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies.”

What do you think of South Korea’s role in the Bitcoin market? Let us know in the comments below!


Image Courtesy of Pixabay, Twitter, AdobeStock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dieter Holger

Dieter Holger

Follow

Emerging technology journalist reporting for Bitcoinist.

Full Profile

Related Posts

Solana à 192 $ : Fidelity et Gemini ouvrent les vannes de la liquidité pro — niveaux clés.

Solana à 192 $ : Fidelity et Gemini ouvrent les vannes de la liquidité pro

58 minutes ago
Bitcoin iPhone

An Internal War Is Raging For Bitcoin And A Hard Fork Could Be The End Case

2 hours ago
Hyperliquid : +13 % sur fond de hype — volumes en hausse et niveaux clés.

Hyperliquid : +13 % sur fond de hype

3 hours ago
Bitwise voorspelt Wall Street crypto golf - duizendvoudige kansen ontstaan

Bitwise voorspelt Wall Street crypto golf – duizendvoudige kansen ontstaan

6 hours ago
Биткоин

Биткоин подорожал на 4% за сутки: инвесторы усиливают позиции

7 hours ago
Trump

Trump Faces New Blow — Lawmaker Pushes Ban On His Crypto And Stock Trading

8 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Белият дом туит

    Туитът за Белия дом на GameStop...

    11 hours ago
  • ...

    12 hours ago
  • Snorter Bot...

    5 days ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    6 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.