Myanmar proposes life imprisonment for crypto scam operators

Americans lost more than $11 billion to crypto-related fraud last year, according to an FBI report released in April — and the pressure on governments across Southeast Asia to crack down has only grown since then. A Deadly Business Myanmar’s military government has now responded with one of the harshest proposed laws of its kind […]

The post Myanmar proposes life in prison for crypto scam appeared on BitcoinEthereumNews.com. Myanmar’s military published a draft bill on May 14 proposing life in prison for crypto scam operators. Summary Myanmar’s Anti-Online Scam Bill proposes life imprisonment for operating digital currency scam centers. The bill allows the death penalty for individuals using violence, torture or unlawful detention to force victims into scam work. Myanmar’s military-backed parliament is next scheduled to sit in the first week of June to advance the legislation. The draft legislation, called the Anti-Online Scam Bill, states that anyone convicted of “digital currency fraud” or running an online scam center faces a sentence ranging from ten years to life in prison. The bill permits capital punishment for operators who use “violence, torture, unlawful arrest and detention, or cruel treatment against another person for the purpose of forcing them to commit online scams.” Military bill targets digital c

The text of Myanmar’s Anti-Online Fraud Bill said that anyone who was convicted of committing “digital currency fraud” could face from ten years to life in prison, and possibly the death penalty.