Cryptocurrency Investor Protection Laws are Necessary, says Korean Bar Association

The Korea Bar Association is calling on the government to put in place laws guiding digital currency and investor protection.

Bar Association Calls for Cryptocurrency Laws

According to Reuters, South Korean lawyers called on the government to create laws that would enable the development of the digital currency industry and improve investors’ protection in the country.

At a news conference held at the South Korean parliament, President of the Korean Bar association, Kim Hyun, said:

We urge the government to break away from negative perceptions and hesitation and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.

The South Korean government has, however, declared that its final stance on virtual currency regulation after the completion of its study. At the moment, financial regulators and the government are carrying out comprehensive research on cryptocurrency and blockchain technology.

It is, nonetheless, surprising to find…