1 week ago
Myanmar’s Anti-Online Scam Bill Proposes Death Penalty for Coercion, Life Imprisonment for Crypto Fraud
CrimePoliticsRegulationAnti-Online Scam Billcrypto fraud penaltydeath penalty coercionMin Aung Hlaing legislationMyanmar crypto lawMyanmar scam billonline fraud MyanmarSoutheast Asia scam centres
TLDR: Myanmar’s new bill proposes the death penalty for those who violently coerce victims into online scam work. Life imprisonment applies to operators running scam centres and those convicted of cryptocurrency investment fraud. US victims lost over $20 billion to Myanmar-linked scam schemes last year, per FBI figures released recently. Democracy watchdogs call the bill [...]
The post Myanmar’s Anti-Online Scam Bill Proposes Death Penalty for Coercion, Life Imprisonment for Crypto Fraud appeared first on Blockonomi.
Source: Blockonomi →Related News
- 3 hours ago
CFTC Chair: U.S. Government Cannot Seize Your Crypto Assets
- 4 hours ago
ZachXBT Under Fire: Is Crypto’s Most Trusted Investigator Compromised?
- 8 hours ago
Clarity Act could spark a boom in crypto ‘yield-as-a-service’
- 9 hours ago
Polymarket Private Key Breach Drains $600K as Legacy Wallet Access Exposed
- 12 hours ago
ECB Rejects Looser Euro Stablecoin Rules, Warns of Banking and Monetary Policy R...