Close Menu
FSNN | Free Speech News NetworkFSNN | Free Speech News Network
  • Home
  • News
    • Politics
    • Legal & Courts
    • Tech & Big Tech
    • Campus & Education
    • Media & Culture
    • Global Free Speech
  • Opinions
    • Debates
  • Video/Live
  • Community
  • Freedom Index
  • About
    • Mission
    • Contact
    • Support
Trending

Iran war shows markets no longer sleep

14 minutes ago

US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt

15 minutes ago

Packs of Empty Waymos Are Weirding Out Atlanta Neighborhood

16 minutes ago
Facebook X (Twitter) Instagram
Facebook X (Twitter) Discord Telegram
FSNN | Free Speech News NetworkFSNN | Free Speech News Network
Market Data Newsletter
Friday, May 15
  • Home
  • News
    • Politics
    • Legal & Courts
    • Tech & Big Tech
    • Campus & Education
    • Media & Culture
    • Global Free Speech
  • Opinions
    • Debates
  • Video/Live
  • Community
  • Freedom Index
  • About
    • Mission
    • Contact
    • Support
FSNN | Free Speech News NetworkFSNN | Free Speech News Network
Home»Cryptocurrency & Free Speech Finance»Myanmar’s Military Government Proposes Life in Prison for Crypto Scammers
Cryptocurrency & Free Speech Finance

Myanmar’s Military Government Proposes Life in Prison for Crypto Scammers

News RoomBy News Room2 hours agoNo Comments3 Mins Read191 Views
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Myanmar’s Military Government Proposes Life in Prison for Crypto Scammers
Share
Facebook Twitter Pinterest Email Copy Link

Listen to the article

0:00
0:00

Key Takeaways

Playback Speed

Select a Voice

The military government of Myanmar released the text of a bill aimed at combating online fraudsters, with several penalties related to cryptocurrencies and scam centers.

According to the text of the Anti-Online Fraud Bill, made public on Thursday, Myanmar’s parliament, the Pyidaungsu Hluttaw, proposed the law in response to online fraud in the country, which it said challenged its “sovereignty and stability.”

The law stated that anyone who was convicted of committing “digital currency fraud” or online fraud could face from ten years to life in prison, and possibly the death penalty.

In addition, the law set out conditions under which the death penalty would be imposed, including those related to the country’s scam centers. Anyone responsible for the death of an individual who had been coerced or exploited into committing online fraud would receive a sentence of death.

Source: Myanmar government

The proposed law and its potential penalties were some of the most severe imposed globally for digital currency fraudsters amid scam centers cropping up in areas of Southeast Asia. In January, China reportedly ordered the execution of 11 people linked to Myanmar scam centers that had been responsible for trafficking Chinese nationals.

Related: Scammers use Gmail dot alias trick to spoof Robinhood in phishing scam

International authorities have been working to combat human trafficking in scam centers that continue to con people globally through schemes like pig butchering, romance scams, fake investments and more. The US announced in April that they had worked with authorities in China and Dubai to arrest more than 200 people and shutter nine centers.

Myanmar’s military overthrew its civilian government in a 2021 coup d’état, resulting in its parliament not reconvening until March 2026 following elections the Council on Foreign Relations called “neither free nor fair.” According to a Wednesday notice, the government is scheduled to meet the first week of June and may consider the bill at that time.

Americans lost billions to crypto scams in 2025

According to an FBI report released in April, Americans’ losses from crypto-related scams were more than $11 billion in 2025 and more than $20 billion overall through online fraud. The agency cited a March executive order from US President Donald Trump, who authorized officials to work against “scam centers and cybercrime.”

“The [US Attorney’s Office in the District of Columbia] Scam Center Strike Force is investigating the worst scam compounds located in Southeast Asia,” said the FBI report. “Strike Force teams focus on identifying and pursuing key leaders—including Chinese organized crime affiliates operating in Cambodia, Laos, and Burma—to bring them to justice.”

Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves

Read the full article here

Fact Checker

Verify the accuracy of this article using AI-powered analysis and real-time sources.

Get Your Fact Check Report

Enter your email to receive detailed fact-checking analysis

5 free reports remaining

Continue with Full Access

You've used your 5 free reports. Sign up for unlimited access!

Already have an account? Sign in here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
News Room
  • Website
  • Facebook
  • X (Twitter)
  • Instagram
  • LinkedIn

The FSNN News Room is the voice of our in-house journalists, editors, and researchers. We deliver timely, unbiased reporting at the crossroads of finance, cryptocurrency, and global politics, providing clear, fact-driven analysis free from agendas.

Related Articles

Cryptocurrency & Free Speech Finance

Iran war shows markets no longer sleep

14 minutes ago
Cryptocurrency & Free Speech Finance

US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt

15 minutes ago
Cryptocurrency & Free Speech Finance

Packs of Empty Waymos Are Weirding Out Atlanta Neighborhood

16 minutes ago
Cryptocurrency & Free Speech Finance

CME, ICE push U.S. regulators to scrutinize Hyperliquid over manipulation risks

1 hour ago
Cryptocurrency & Free Speech Finance

Bitcoin, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH Price Predictions

1 hour ago
Cryptocurrency & Free Speech Finance

Bitcoin Depot Flashes Bankruptcy Warning as ATM Revenue Falls, Regulatory Scrutiny Grows

1 hour ago
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt

15 minutes ago

Packs of Empty Waymos Are Weirding Out Atlanta Neighborhood

16 minutes ago

Appeals Court Upholds Block Of ICE’s BS ‘Seven Day Notice’ Detention Center Inspection Policy

43 minutes ago

The Surprising Divide Over What Counts as True

46 minutes ago
Latest Posts

CME, ICE push U.S. regulators to scrutinize Hyperliquid over manipulation risks

1 hour ago

Bitcoin, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH Price Predictions

1 hour ago

Bitcoin Depot Flashes Bankruptcy Warning as ATM Revenue Falls, Regulatory Scrutiny Grows

1 hour ago

Subscribe to News

Get the latest news and updates directly to your inbox.

At FSNN – Free Speech News Network, we deliver unfiltered reporting and in-depth analysis on the stories that matter most. From breaking headlines to global perspectives, our mission is to keep you informed, empowered, and connected.

FSNN.net is owned and operated by GlobalBoost Media
, an independent media organization dedicated to advancing transparency, free expression, and factual journalism across the digital landscape.

Facebook X (Twitter) Discord Telegram
Latest News

Iran war shows markets no longer sleep

14 minutes ago

US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt

15 minutes ago

Packs of Empty Waymos Are Weirding Out Atlanta Neighborhood

16 minutes ago

Subscribe to Updates

Get the latest news and updates directly to your inbox.

© 2026 GlobalBoost Media. All Rights Reserved.
  • Privacy Policy
  • Terms of Service
  • Our Authors
  • Contact

Type above and press Enter to search. Press Esc to cancel.

🍪

Cookies

We and our selected partners wish to use cookies to collect information about you for functional purposes and statistical marketing. You may not give us your consent for certain purposes by selecting an option and you can withdraw your consent at any time via the cookie icon.

Cookie Preferences

Manage Cookies

Cookies are small text that can be used by websites to make the user experience more efficient. The law states that we may store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies, we need your permission. This site uses various types of cookies. Some cookies are placed by third party services that appear on our pages.

Your permission applies to the following domains:

  • https://fsnn.net
Necessary
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Statistic
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Preferences
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
Marketing
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.