Myanmar parliament passes crypto scam bill with penalties up to life

CryptoInfo Editorial Team · Published on July 28, 2026 at 23:27 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→Myanmar parliament has approved a bill to combat online scams, including crypto scams
→The bill proposes prison terms of 10 years to life for operating scam centers
→The penalties aim to regulate and curb illicit activities in the country

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Myanmar lawmakers have approved a bill aimed at combating online scams, including those involving cryptocurrency.

The bill proposes severe penalties for those found guilty of crypto scams, including prison terms of 10 years to life for operating scam centers.

This development is based on reporting from CoinTelegraph.

The move is part of efforts to regulate and curb illicit activities in the country, particularly those related to cryptocurrency and online scams.