Filipinos face heavier sentences for crimes involving cryptocurrencies if a proposed new bill is passed into law.
According to a press release from the Philippines Senate on Mar. 13, opposition senator Leila M. de Lima has filed a bill - SB 1694 - to the country's legislative house, seeking to raise penalties for crimes involving cryptocurrencies to one degree higher than currently.
De Lima also proposed that the actual harshness of the sentence should also take into account the value of the cryptocurrencies' worth in Philippine pesos at the time the crime was committed. The crimes targeted, as the senator elaborated, may include payment for child pornography and bribery of public officials.
https://www.coindesk.com/philippines-lawmaker-seeks-tougher-penalties-for-crypto-crimes/
According to a press release from the Philippines Senate on Mar. 13, opposition senator Leila M. de Lima has filed a bill - SB 1694 - to the country's legislative house, seeking to raise penalties for crimes involving cryptocurrencies to one degree higher than currently.
De Lima also proposed that the actual harshness of the sentence should also take into account the value of the cryptocurrencies' worth in Philippine pesos at the time the crime was committed. The crimes targeted, as the senator elaborated, may include payment for child pornography and bribery of public officials.
https://www.coindesk.com/philippines-lawmaker-seeks-tougher-penalties-for-crypto-crimes/
You also need to understand that the lovely Senator is not a sitting senator because he is currently behind bars on alleged involvement on drug charges. So this is the worst articles I have seen in recent months, and does not carry any weight, as far as I'm concern. I think this is another news to really put a lot of question regarding crypto in the Philippines. The country is crypto friendly as far as we know so I hope that this news will not bring any negatives as far as Filipino is concern because the senator herself have has cases against her involving questionable trades including drugs. I'm so disappointed though that as if Philippines is totally against crypto but its not the case so far. In other news, the fighting Senator of the Philippines, Manny Pacquiao has now investing in crypto as well: (https://coconuts.co/singapore/news/boxer-manny-pacquiao-investing-singaporean-cryptocurrency-startup/).
The moment I saw Senator De Lima's name and that she "supposedly" filed a certain bill -- that's when you'll know that everything you would read on from that point and after, are all false. I mean what are you trying to imply here OP? You should have done your research first and foremost before posting a hoax like this. You are contributing to the production of unnecessary and bogus threads in this forum. If you posted about PAC Coins, which is a way more interesting and promising news, then maybe you would have been more helpful and informative to this forum. Thank you for stating the facts, Kemarit!
