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Myanmar Passes Anti-Online Scam Law, Making Crypto Scam Offenses Punishable by Life Imprisonment
- Myanmar’s military government approved the Anti-Online Scam Law to target online fraud networks linked to Southeast Asia’s cross-border scam industry.
- The law specifically covers “crypto scam” cases, signaling that cryptocurrency-related fraud will face the same severe treatment as other online scams.
- The maximum penalty under the law is life imprisonment, reflecting an unusually harsh crackdown on so-called pig-butchering operations.