Myanmar’s military government proposes life in prison for crypto scammers
CoinTelegraph·
60-second summary
Myanmar's military government proposes life in prison for crypto scammers, with the Anti-Online Fraud Bill outlining penalties of ten years to life in prison, and potentially the death penalty, for those convicted of digital currency fraud. This move aims to curb rising crypto scams in the country, impacting local crypto adoption and potentially deterring investors.
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.