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Myanmar's parliament approved an anti-online scam bill whose draft set prison terms of 10 years to life for crypto scams and for operating scam centers, targeting the region's entrenched fraud-compound industry. The law is enforcement-focused rather than a restriction on legitimate crypto activity, so the main channel is reduced illicit-flow and reputational overhang for stablecoins and exchanges used in Southeast Asian pig-butchering schemes rather than direct price impact. Watch whether enforcement actually reaches the scam compounds along the Thai-Myanmar border and whether issuers like Tether face follow-on freeze requests, which would signal the law has teeth.
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Original Source: Cointelegraph
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