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/