Myanmar Proposes Severe Penalties for Digital Currency Fraud

Myanmar's military government has introduced a bill targeting online fraud, particularly in the digital currency sector, with severe penalties ranging from 10 years to life imprisonment, and in extreme cases, the death penalty. According to NS3.AI, the proposed legislation includes capital punishment for individuals responsible for the death of someone coerced or exploited into online fraud at scam centers. The Pyidaungsu Hluttaw, Myanmar's legislative body, is expected to review the bill in the first week of June.