Myanmar bill proposes death penalty for crypto fraud

Myanmar is considering severe penalties for financial crimes, with a proposed bill that could impose the death penalty for coercion related to scams. For cryptocurrency fraud specifically, the legislation suggests a life sentence. This move signals a stringent approach by the government to combat financial illicit activities and protect citizens from emerging digital threats. The proposed laws aim to deter criminals and restore confidence in the financial system amidst growing concerns over online fraud and the misuse of digital assets.