Cambodia Cracks Down on Crypto Scams with Harsh Prison Terms

Cambodia's parliament has made significant strides in combating online scams by approving a draft cybercrime bill. The bill aims to strengthen enforcement against fraud tied to digital and tech-enabled schemes, including those linked to cryptocurrency.

The legislation proposes harsh prison terms ranging from two to five years and fines up to $125,000 for specified offenses. Penalties will double if the offense involves a gang or targets multiple victims.

The bill is part of a broader regional effort to combat scam operations in Southeast Asia. The move comes amid heightened scrutiny of scam operations that leverage digital platforms and crypto-related narratives to lure victims.