Cambodian Lawmakers Propose Severe Prison Time for Crypto Scammers
Cointelegraph
Cambodian lawmakers have unanimously passed a bill imposing strict prison sentences and heavy fines on individuals involved in technology-based fraud and crypto scams.Summary
The Cambodian Senate has unanimously approved legislation aimed at curbing fraud, including cryptocurrency-related scams. The bill mandates prison sentences ranging from two to five years and fines up to $125,000, with penalties doubling for gang-related activities or multiple victims. This legislative move seeks to address systemic gaps in current laws and improve national security. The initiative follows international pressure and reports of forced labor within scam compounds in Southeast Asia, where operators have historically faced little legal accountability.
(Source：Cointelegraph)