Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency.

In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king’s approval before becoming law, imposed prison time between two to five years and up to $125,000 in fines for certain crimes, or twice the time in prison and penalties if part of a gang or targeting multiple victims. 

“The draft law stipulates the establishment of criminal rules to fill the gaps and deficiencies in the current law, which will contribute…