![\"Cambodian](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDQvMDE5ZDU0N2YtNTQ1Yi03NGQ4LTg0NWQtMWRiMWI1NmMyMzc3LmpwZw==.jpg\")
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The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers.<\/p>\n
Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.<\/p>\n
In a Friday notice, the Senate of the Kingdom of Cambodia announced<\/a> that the chamber had unanimously app<\/a>roved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king\u2019s approval before becoming law, imposed<\/a> 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.\u00a0<\/p>\n \u201cThe 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<\/a> 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,\u201d said a translation of the Friday Senate notice on the bill.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n