South Korean lawyers press govt for cryptocurrency laws, investor protection

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

South Korea's lawyers lobbied the government on Thursday to quickly establish a legal framework to help develop the blockchain-based virtual currency industry and protect investors.

It is rare for the Korean Bar Association, membership of which is mandatory for all local lawyers, to campaign publicly for specific technological or business interest groups.