Articles
Crypto Market Analysis

Cambodian lawmakers propose severe prison time for crypto scammers

User Image

От Анонимный

Создано April 04, 2026|2 мин. чтения
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


Другие статьи, опубликованные недавно

BlackRock offers a glimpse of how tokenization may change your investment portfolio
BlackRock offers a glimpse of how tokenization may change your investment portfolio

Crypto Market Analysis

Tokenization is not just about putting individual stocks and funds onchain. The next step could be e...

Crypto's Sisyphean struggle
Crypto's Sisyphean struggle

Crypto Market Analysis

Progress will effectively reset when the new Congress is sworn in, because key senators who quarterb...

Cathie Wood says smart investors need to start watching where AI agents spend money
Cathie Wood says smart investors need to start watching where AI agents spend money

Crypto Market Analysis

As AI agents evolve from answering questions to spending real money, investors and tech giants are s...

Crypto job postings triple to over 1,200 in September, but applications fall
Crypto job postings triple to over 1,200 in September, but applications fall

Bitcoin

Finance, engineering and trading led hiring demand, while Bitcoin, Ethereum and Solana were the most...

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Crypto Market Analysis

CEO Iana Dimitrova said OpenPayd aims to launch in the U.S. by April 2027 and is eyeing deals to add...

NEAR Intents recovers entire stolen $3.8M after ultimatum to exploiter
NEAR Intents recovers entire stolen $3.8M after ultimatum to exploiter

Crypto Market Analysis

The exploiter returned the entire sum to NEAR Intents after being identified and given 48 hours to r...