Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Cambodian Lawmakers Propose Severe Prison Time for Crypto Scammers

CryptoExpert by CryptoExpert
April 4, 2026
in Regulation
0
Cambodian Lawmakers Propose Severe Prison Time for Crypto Scammers
  • Facebook
  • Twitter
  • Pinterest


You might also like

Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns

Bitget Investigates After ZachXBT Exposes RAVE Token Insider Manipulation

Russia Introduces Bill To Criminalize Unregistered Crypto Services

Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.

In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king’s approval before becoming law, imposed prison time between two to five years and up to $125,000 in fines for certain crimes, or twice the time in prison and penalties if part of a gang or targeting multiple victims. 

“The draft law stipulates the establishment of criminal rules to fill the gaps and deficiencies in the current law, which will contribute significantly to addressing challenges that pose serious risks to social security, the economy and citizens, including affecting Cambodia’s reputation, as well as improving the effectiveness of the fight against fraud through technological systems, aiming to contribute to the preservation and protection of public security and order, and improving the effectiveness of cooperation in combating this crime,” said a translation of the Friday Senate notice on the bill.

Friday notice announcing the crypto bill’s passage. Source: Senate of the Kingdom of Cambodia

According to a 2025 report from the US State Department, Cambodia’s government “frequently downplayed scam operation cases as labor disputes,” never arresting or prosecuting any owner or operator of a suspected scam compound. The Cambodian operations are just some of many across parts of Southeast Asia, where compounds are alleged sources of forced labor.

Phemex

Related: UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

The passage of the bill followed UK authorities sanctioning the operators of a Cambodia-based scam center, and the country extraditing to China the leader of a criminal syndicate with alleged tied to scam compounds. Cambodia’s national assembly advanced the bill on March 30, with all 112 members voting yay. 

What happens in these scam compounds?

According to a 2024 UN News report that explored a compound in the Philippines, scam centers like the ones targeted under the Cambodian bill were massive undertakings, with facilities designed so that the residents would never need to leave. Although many of the workers were responsible for carrying out the scams, they were also “trafficked here, held against their will” and “exposed to violence” in the compounds.

“The people who work here are basically fenced off from the outside world,” said the report. “All their daily necessities are met. There are restaurants, dormitories, barbershops and even a karaoke bar. So, people don’t actually have to leave and can stay here for months.”

Magazine: Your guide to surviving this mini-crypto winter

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns

by CryptoExpert
April 18, 2026
0
Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns

Key Takeaways: BOK urged crypto exchanges to adopt circuit breakers to curb extreme volatility. Central bank said crypto firms lack controls compared to traditional finance standards. Report called...

Read more

Bitget Investigates After ZachXBT Exposes RAVE Token Insider Manipulation

by CryptoExpert
April 18, 2026
0
Coinpedia - Fintech & Cryptocurreny News Media

One of crypto’s most trusted on-chain investigators just called out a textbook pump and dump, and this time, major exchanges are named.ZachXBT posted publicly that pump and dump...

Read more

Russia Introduces Bill To Criminalize Unregistered Crypto Services

by CryptoExpert
April 18, 2026
0
Russia Introduces Bill To Criminalize Unregistered Crypto Services

Russia’s government submitted a bill to its parliament’s lower house in an effort to amend the country's legal code to attach criminal liability for crypto services offered without...

Read more

CFTC Uses Microsoft AI Tools to Surveil Crypto and Prediction Markets, Chairman Tells Congress

by CryptoExpert
April 17, 2026
0
CFTC Uses Microsoft AI Tools to Surveil Crypto and Prediction Markets, Chairman Tells Congress

Key Takeaways: CFTC Chairman Michael Selig confirmed the agency is deploying AI and automation tools to surveil markets with a 20%-reduced staff since FY2024. Six Polymarket accounts reportedly...

Read more

Kraken Parent Payward to Acquire Bitnomial for $550M

by CryptoExpert
April 17, 2026
0
Coinpedia - Fintech & Cryptocurreny News Media

Payward, the parent company of Kraken, has agreed to acquire crypto derivatives firm Bitnomial in a deal worth up to 550 million dollars, structured in cash and stock....

Read more
Next Post
Coinpedia - Fintech & Cryptocurreny News Media

Chainlink Unlocks 19M LINK, $165M Moved to Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 75,484.00
ethereum
Ethereum (ETH) $ 2,337.22
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.43
bnb
BNB (BNB) $ 624.37
usd-coin
USDC (USDC) $ 0.999719
solana
Solana (SOL) $ 85.36
tron
TRON (TRX) $ 0.327791
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?