Svmuu News Cambodia's National Assembly has unanimously passed a new bill to combat online fraud. Operators of large-scale scam compounds that utilize crypto assets could face a maximum sentence of life imprisonment. The bill is currently pending review by the Senate and final approval by King Norodom Sihamoni. According to the bill, core leaders of fraud syndicates will face 15 to 30 years in prison, with life sentences possible if their actions result in death; organizers could face up to 20 years and hefty fines, while participants may also face 2 to 5 years in prison and fines of up to $125,000. Analysis points out that crypto scams like "pig butchering" have proliferated rapidly in Southeast Asia in recent years, leveraging crypto assets for cross-border transfers and money laundering, involving tens of billions of dollars annually. Such crackdowns may more often lead to the "relocation rather than disappearance" of fraudulent activities, with the key being whether efforts are simultaneously made to combat corruption protection, money laundering networks, and cross-border fund circulation systems. (Decrypt)