According to Protos, Myanmar on May 15 proposed introducing capital punishment for criminals who use violence, torture, unlawful arrest, detention, or cruel treatment to coerce victims into participating in cryptocurrency fraud centers. Under the draft Cyber Crime Prevention Act, perpetrators face execution, while fraud center operators and crypto scam implementers will receive life imprisonment. The legislation is set to be submitted to parliament in June.
Related News
Brazil Slaps Banco Topazio With $3.2M Fine and 2-Year Crypto Trading Ban
Mistral AI in talks with European banks to develop Mythos as a replacement for internet security models
The Senate Banking Committee submits more than 100 crypto amendment bills, with major CEXs lobbying to change token-listing rules