TechFlow News, May 15: According to The Block, Myanmar’s military government has released a draft of the “Anti-Online Fraud Act,” which proposes the death penalty for individuals who force others to engage in online fraud and life imprisonment for those operating fraud centers or committing cryptocurrency-related fraud. The draft also proposes establishing a dedicated committee to coordinate international efforts against fraud. Myanmar’s parliament is expected to review the bill in early June. Previously, in September 2025, the U.S. Department of the Treasury imposed sanctions on multiple entities in Myanmar and Cambodia suspected of involvement in cryptocurrency investment fraud. FBI data shows that cryptocurrency-related fraud losses in 2025 totaled $11.4 billion—accounting for over half of all internet crime losses.
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