Gate News update, April 4. Recently, the Cambodian parliament passed a new bill unanimously with 58 votes in favor, officially criminalizing the operation of scam-hub criminal activities. Under the bill, those involved will face imprisonment of 2 to 5 years and a fine of up to $125k; if the case involves organized crime or multiple victims, the penalties will double. The bill is currently pending the King’s signature before it officially takes effect. Against this backdrop of the legislation, the United Kingdom has already imposed sanctions on operators of scam networks in Cambodia, and Cambodia has also extradited a leader of an alleged criminal group to China.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CLARITY Act Delay Continues as Senator Thom Tillis Signals Ongoing Talks
Lawmakers are delaying the CLARITY Act due to ongoing negotiations on stablecoin provisions, with timing uncertain and potential markup pushed to late April or early May. Kevin Warsh’s financial disclosures add complexity to regulatory discussions.
CryptoFrontNews2h ago
Democratic Senators Question Lax AML Oversight of Major CEX Over $1.7B Iran-Linked Crypto Flows
Democratic senators are scrutinizing the Trump administration's oversight of a cryptocurrency exchange linked to $1.7 billion in Iranian transactions, questioning its AML controls and a lenient bank settlement on sanctions evasion.
GateNews4h ago
French Finance Minister Calls for Expanded Use of Euro-Pegged Stablecoins
French Finance Minister Roland Lescure urged for greater use of euro-pegged stablecoins and active involvement from European banks to enhance competitiveness in the digital asset market, highlighting the need for deposit tokens to bridge traditional finance and blockchain technology.
GateNews5h ago
SEC Chair Paul Atkins Launches Official Podcast, Signals Pro-Innovation Crypto Stance
SEC Chair Paul Atkins launched his podcast "Material Matters," featuring Commissioners Hester Peirce and Mark Uyeda. They discussed a pro-innovation regulatory approach, criticizing past leadership and advocating for an open regulatory environment for digital assets.
GateNews11h ago
China to Strengthen Legislative Framework for AI, Digital Economy, and Blockchain
China plans to enhance its network legal system to address the needs of internet development, focusing on legislation for AI, digital economy, and other tech sectors. By December 2025, over 180 laws are expected, though current regulations still lag behind public expectations.
GateNews11h ago
U.S. Senator Blumenthal Pressures DOJ and Treasury Over Major CEX's Iran-Related Fund Flows
U.S. Senator Richard Blumenthal has requested clarification from the DOJ and FinCEN regarding compliance monitors for a major cryptocurrency exchange, amid concerns over compliance failures linked to substantial funds associated with Iran.
GateNews12h ago
