Life in Prison? Myanmar Passes Brutal New Law Targeting Crypto Scams
Myanmar lawmakers have officially passed a sweeping anti-online scam bill that introduces draconian penalties, including prison terms ranging from 10 years to life imprisonment for crypto scams. This legislative move is specifically designed to target the operators of illegal scam centers and those facilitating digital fraud.
This crackdown is a direct response to the rapid expansion of the cyberscam industry, which has turned segments of Myanmar into global hubs for online fraud. By imposing life sentences for crypto scams, the government aims to dismantle the organized crime networks utilizing digital assets to fuel their illicit operations.
Myanmar's Parliament has approved an anti-online scam bill that would impose prison terms of 10 years to life for crypto scams and the operation of online scam centers. The Pyidaungsu Hluttaw, Myanmar’s combined Parliament, approved the bill in its entirety on Tuesday after resolving differences between versions previously passed by its two chambers, according to the state-run Global New Light of Myanmar (GNLM).
The legislation is Myanmar’s latest attempt to curb a growing cyberscam industry that has turned parts of the country into hubs for online fraud. It remains unclear whether the bill has received presidential assent or the exact timeline for when these severe penalties will take effect.
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