Gov't official in charge of cryptocurrency policy found dead at home
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Gov't official in charge of cryptocurrency policy found dead at home

2018/02/18 16:14

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SEOUL, Feb. 18 (Yonhap) -- A ranking official of the Office for Government Policy Coordination, who has been in charge of devising measures against cryptocurrency speculation, was found dead at his home in Seoul on Sunday, the office said.

The ill-fated official in his 50s was presumed to have suffered a heart attack while sleeping, it said.

Police began an investigation into the cause of the official's abrupt death, while his colleagues say he had been under heavy stress since taking charge of devising measures against cryptocurrency speculation late last year.

South Korea's government launched a meeting of vice ministers, led by Hong Nam-ki, minister of the Office for Government Policy Coordination, in late November last year to regulate cryptocurrency transactions.

The deceased official was in charge of coordinating opinions of different ministries and offices to prepare for the weekly meetings of Hong and relevant vice ministers.

Cryptocurrencies have rapidly gained popularity among South Korean investors hoping to make quick money. Despite a boom in cryptocurrency transactions, the exchanges go largely unregulated in South Korea as they are not recognized as financial products.

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