China · Donald Trump · Myanmar · FBI · Cambodia · Bitcoinist
Crypto Crime Crackdown Escalates As Myanmar Targets Scammers With Execution
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Americans lost more than $11 billion to crypto-related fraud last year, according to an FBI report released in April, and the pressure on governments across Southeast Asia to crack down has only grown since then.
Key facts
- Beyond crypto fraud, Americans lost more than $20 billion in total to online scams in 2025, FBI data shows
- Americans lost more than $11 billion to crypto-related fraud last year, according to an FBI report released in April, and the pressure on governments across Southeast Asia to crack down has only
- The Anti-Online Fraud Bill, made public Thursday, would send anyone convicted of digital currency fraud to prison for anywhere between ten years and life
- China executed 11 people in January tied to Myanmar-based scam operations, according to reports
Summary
Myanmar’s military government has now responded with one of the harshest proposed laws of its kind anywhere in the world. The Anti-Online Fraud Bill, made public Thursday, would send anyone convicted of digital currency fraud to prison for anywhere between ten years and life. The law specifically targets operators of scam centers who cause the death of workers coerced or trafficked into committing fraud on their behalf, those individuals would be sentenced to death under the proposed legislation. Myanmar’s parliament, the Pyidaungsu Hluttaw, said it drafted the bill in response to online fraud that threatened the country’s sovereignty and stability.