Philippines Lawmaker Seeks Tougher Penalties for Crypto Crimes:
People in the Philippines face heavier sentences for crimes involving cryptocurrencies if a proposed new bill is passed into law.
According to a press release from the country's senate on March 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 severity of the sentence should also take into account the value of the cryptocurrencies worth in Philippine pesos at the time the crime was committed.