Cambodia passes law targeting crypto scam compounds

Cambodia's parliament has enacted a new law aimed at combating online and cryptocurrency scam operations. This legislation specifically targets 'scam compounds,' which are facilities used to house individuals forced into fraudulent activities, often involving cryptocurrency-related schemes. The move signifies a growing regional effort to address the proliferation of digital asset fraud and protect citizens from financial exploitation. By criminalizing the operation of these compounds, Cambodia seeks to disrupt the infrastructure of these illicit networks and deter future criminal enterprises.