Deep Tide TechFlow News, April 4th, according to Finance Feeds, the Cambodian Parliament recently passed a new bill with a unanimous vote of 58 to criminalize the operation of scam dens. Under the bill, involved individuals face 2 to 5 years in prison and fines of up to $125k; if organized crime or multiple victims are involved, the penalties will be doubled. The bill is currently awaiting the king's signature to become law. In the context of this legislation, the UK has imposed sanctions on scam network operators within Cambodia, and Cambodia has also extradited a suspected crime group leader to China. Analysts point out that while the bill marks an important step for Cambodia in combating cryptocurrency-related scams, the ultimate effectiveness will depend on the enforcement capabilities.

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