Articles
Crypto Market Analysis

Cambodian lawmakers propose severe prison time for crypto scammers

User Image

Por Anónimo

Creado April 04, 2026|2 minutos de lectura
Main Image

The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers.

Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.

In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king’s approval before becoming law, imposed prison time between two to five years and up to $125,000 in fines for certain crimes, or twice the time in prison and penalties if part of a gang or targeting multiple victims. 

“The draft law stipulates the establishment of criminal rules to fill the gaps and deficiencies in the current law, which will contribute significantly to addressing challenges that pose serious risks to social security, the economy and citizens, including affecting Cambodia's reputation, as well as improving the effectiveness of the fight against fraud through technological systems, aiming to contribute to the preservation and protection of public security and order, and improving the effectiveness of cooperation in combating this crime,” said a translation of the Friday Senate notice on the bill.

According to a 2025 report from the US State Department, Cambodia’s government “frequently downplayed scam operation cases as labor disputes,” never arresting or prosecuting any owner or operator of a suspected scam compound. The Cambodian operations are just some of many across parts of Southeast Asia, where compounds are alleged sources of forced labor.

Related: UK sanctions $20B scam market by cutting ‘legitimate’ crypto ties

The passage of the bill followed UK authorities sanctioning the operators of a Cambodia-based scam center, and the country extraditing to China the leader of a criminal syndicate with alleged tied to scam compounds. Cambodia’s national assembly advanced the bill on March 30, with all 112 members voting yay. 

According to a 2024 UN News report that explored a compound in the Philippines, scam centers like the ones targeted under the Cambodian bill were massive undertakings, with facilities designed so that the residents would never need to leave. Although many of the workers were responsible for carrying out the scams, they were also “trafficked here, held against their will” and “exposed to violence” in the compounds.

“The people who work here are basically fenced off from the outside world,” said the report. “All their daily necessities are met. There are restaurants, dormitories, barbershops and even a karaoke bar. So, people don’t actually have to leave and can stay here for months.”

Magazine: Your guide to surviving this mini-crypto winter

Source: CoinTelegraph


Otros artículos publicados recientemente

Zcash fixes Orchard bug after emergency network upgrade
Zcash fixes Orchard bug after emergency network upgrade

Crypto Market Analysis

Zcash Open Development Lab said the network briefly became unstable as miners upgraded, while the Zc...

Kraken parent Payward brings tokenized IPO access to retail investors
Kraken parent Payward brings tokenized IPO access to retail investors

Crypto Market Analysis

Kraken and xStocks Alliance will let eligible users seek allocations in US IPOs at the offering pric...

Binance to end NFT support on exchange, shift service to wallet
Binance to end NFT support on exchange, shift service to wallet

NFTs

Binance exchange said it will move NFT support from its exchange to its non-custodial wallet and off...

Binance discloses revenue-sharing deal with Alpaca
Binance discloses revenue-sharing deal with Alpaca

Crypto Market Analysis

A Binance legal document disclosed a revenue-sharing agreement with Alpaca, which includes sharing 5...

Ethereum drops to 14-week lows: Can ETH price hold $1.8K support?
Ethereum drops to 14-week lows: Can ETH price hold $1.8K support?

Ethereum

Ethereum price slides to a 14-week low as weakening demand and persistent ETF outflows put the key $...

Hyperliquid bear turns bullish after losing over $46M shorting HYPE
Hyperliquid bear turns bullish after losing over $46M shorting HYPE

Crypto Market Analysis

The whale is now backing Arthur Hayes’ favored HYPE, ZEC and NEAR plays, signaling a sharp pivot t...