Cambodian parliament passes bill with life sentences for crypto fraud rings

Cambodia's parliament has unanimously passed a tough anti-crime bill that imposes a maximum sentence of life imprisonment on the leaders of crypto fraud rings, Decrypt reported. The move aims to eradicate widespread human trafficking and large-scale financial fraud in the country. However, experts note that given the high mobility of these criminal organizations, the political will to enforce the law—through investigating potential collusion with officials and pursuing international cooperation—is more critical than simply increasing penalties.