[REVISION HISTORY]
Myanmar anti‑crypto fraud law
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2026-07-31 01:51 UTC → 2026-07-31 07:47 UTC ·
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On 28 July 2026 Myanmar’s military‑backed parliament passed a stringent anti‑online‑scam bill. The legislation mandates prison terms of ten years approved the Anti‑Online Scam Law, imposing ten‑year to life prison terms for cryptocurrency cryptocurrency‑related fraud and other online scams, and introduces a mandatory death penalty when violence or abuse used to force participation in scams results in leads to a victim’s death. A day later, the same law The bill was reiterated in reports, emphasizing its life‑sentence provisions announced live by Parliament Speaker Aung Lin Dwe, and lower‑house MP Aye Chan confirmed that the death‑penalty clause. The coverage also linked clause survived only minor amendments. United Nations estimates place the revenue from Myanmar‑linked online fraud between US$88.3 billion and US$114.1 billion in 2025, underscoring the trans‑national criminal scale the law seeks to curb. The legislation follows a high‑profile FBI operation that seized more than US$8 billion in cryptocurrency tied to broader Burmese scam networks. Human‑rights organisations warned that the draconian penalties could exacerbate existing abuses amid the country’s civil war and trafficking crises. The law’s passage was reported alongside market trends, context, noting that Bitcoin hovered near US$64,000 and that the publicly listed firm Strategy reported a massive Strategy’s sizable Q2 loss after selling part of its divesting corporate Bitcoin holdings. The dual reports trace the law’s passage and its immediate contextual backdrop in the crypto market.
Versions
- 2026-07-31 07:47 UTC Myanmar anti‑crypto fraud law
- 2026-07-31 01:51 UTC Myanmar anti‑crypto fraud law
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