Cambodia’s parliament passes a tough anti-crypto scam bill, with penalties of up to life imprisonment

The Cambodian National Assembly has unanimously passed a new bill to combat online fraud, targeting operators of large-scale scam parks that utilize crypto assets, with a maximum sentence of life imprisonment. The bill stipulates that the core leaders of scam groups will face 15 to 30 years in prison, with life imprisonment possible if their actions result in death; organizers can face up to 20 years and large fines, while participants may face 2 to 5 years in prison and fines up to 125,000 US dollars. The bill still requires review by the Senate and approval from King Norodom Sihamoni.