Myanmar’s military government proposes life in prison for crypto scammers

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Source: Myanmar government The proposed law and its potential penalties were some of the most severe imposed globally for digital currency fraudsters amid scam centers cropping up in areas of Southeast Asia. In January, China reportedly ordered the execution of 11 people linked to Myanmar scam centers that had been responsible for trafficking Chinese nationals. Related: Scammers use Gmail dot alias trick to spoof Robinhood in phishing scam International authorities have been working to combat human trafficking in scam centers that continue to con people globally through schemes like pig butchering, romance scams, fake investments and more. The US announced in April that they had worked with authorities in China and Dubai to arrest more than 200 people and shutter nine centers. Myanmar’s military overthrew its civilian government in a 2021 coup d'état, resulting in its parliament not reconvening until March 2026 following elections the Council on Foreign Relations called “neither free nor fair.” According to a Wednesday notice, the government is scheduled to meet the first week of June and may consider the bill at that time. According to an FBI report released in April, Americans’ losses from crypto-related scams were more than $11 billion in 2025 and more than $20 billion overall through online fraud. The agency cited a March executive order from US President Donald Trump, who authorized officials to work against “scam centers and cybercrime.” “The [US Attorney’s Office in the District of Columbia] Scam Center Strike Force is investigating the worst scam compounds located in Southeast Asia,” said the FBI report. “Strike Force teams focus on identifying and pursuing key leaders—including Chinese organized crime affiliates operating in Cambodia, Laos, and Burma—to bring them to justice.” Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves More on the subject

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