Myanmar Enacts Harsh Penalties for Crypto Scammers

WHO:

Cointelegraph - Myanmar lawmakers approved the anti-online scam bill.

Fox News - The bill was enacted by the parliament of Myanmar, also referred to as Burma.

WHAT:

Cointelegraph - The anti-online scam bill includes proposed prison terms ranging from 10 years to life for individuals involved in crypto scams and operating scam centers.

Fox News - The legislation includes the death penalty for scammers.

WHERE:

Cointelegraph - The legislation was passed in Myanmar.

WHEN:

Fox News - The death penalty for scammers was approved months after the FBI's $8 billion crypto crackdown.

WHY:

Cointelegraph - The bill aims to combat the rising issue of online scams, particularly those related to cryptocurrency.

HOW:

Cointelegraph - The bill outlines specific penalties for various types of scams, including severe prison sentences and the death penalty for the most egregious offenses.

(UPDATED July 29, 2026 00:17 UTC)

Myanmar lawmakers have approved a new anti-online scam bill aimed at tackling the growing problem of online scams, especially those involving cryptocurrency. This legislation introduces severe penalties, including prison terms ranging from ten years to life for those involved in crypto scams, and even the death penalty for the most serious offenses. The bill was enacted months after the FBI's significant $8 billion crackdown on cryptocurrency-related fraud.