Philippines Lawmaker Urges Senate to Expedite Crypto Crime Bills

“No matter how small or big a group, same punishment must be given. It should never be easy to escape after stealing the hard earned money of other people,” de Lima said of the case.

To that effort, the senator is also urging the house to swiftly pass another bill (No. 959) that she introduced previously. The legislation, if passed, would reduce the criteria to qualify as a “syndicated estafa” crime from five to two perpetrators.

Under the current legal framework in the Philippines, syndicated estafa refers to scams that involve more than five individuals, who upon conviction, may be punished by life imprisonment or death.

Bitcoin image via Shutterstock

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