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Bangladesh’s Cabinet has approved a draft law proposing the death penalty for drug offenses months into an anti-drug crackdown in which hundreds have been fatally shot by police.
Five South American countries and Canada want Venezuela placed under investigation as a humanitarian crisis continues to roil the country.
CNN.com – RSS Channel – Regions – Americas
A top official said Tuesday the Palestinians have filed a new complaint against Israel with the International Criminal court, after the United States said it would resort to any means to protect its allies against such actions at the international war crimes body.
White House National Security Adviser John Bolton threatened to sanction the International Criminal Court (ICC) after the global tribunal announced an investigation into alleged U.S. war crimes in Afghanistan — in a harsh condemnation just before the world marked 17 years after the terror attacks of September 11, 2001.
Cops say an accused New York serial burglar was caught thanks to the GPS ankle monitor he took along with him to the scenes of the crimes. Per News 12 , cops on Long Island have arrested Taiheem McKay for allegedly robbing 10 homes in the town of Riverhead over the…
The conflict in Yemen may be a complex international issue, but UN investigators have just found a depressing common denominator: A new fact-finding reports suggests that all parties to the conflict are guilty of war crimes, reports the BBC . That largely means three groups: The Yemen government, the Houthi rebels…
The star prosecution witness in the financial fraud trial of Paul Manafort testified Monday that he concealed millions of dollars in foreign bank accounts on Manafort’s behalf and falsified documents to help his former boss obtain millions of dollars more in bank loans. Rick Gates also admitted he embezzled hundreds…
Pope Francis compared having an abortion to avoid birth defects to the Nazi era idea of trying to create a pure race.
CNN.com – RSS Channel – World
A hostile and apparently ill-informed Chicago man who ranted at a woman for wearing a Puerto Rico shirt in the US is now facing felony hate crime charges. Robert Foley, spokesman for the Cook County State’s Attorney’s Office, says the office approved the charges, which were enhancements of the misdemeanor…
On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities.
Philippines Lawmaker Wants to Speed Up Cryptocurrency Regulations
There’s been a lot going on in the Philippines as far as cryptocurrencies are concerned and lawmakers are yearning to form some laws around the industry that provides this technology to citizens. Only recently the Philippine National Police (PNP) arrested a couple who were involved in a Ponzi scheme that had participants paying for investments in bitcoin. Arnel and Leonady Ordonio accumulated 1 billion Philippine Pesos ($ 1.9Mn USD) worth of bitcoins from investors. The Ordonios promised investors guaranteed 30 percent profits and some people spent $ 50,000 USD. Further, news.Bitcoin.com reported on the Philippines Securities and Exchange Commission (SEC) taking a stance against cloud mining operations just recently and the SEC believes mining contracts should be defined as securities.
Opposition senator Leila M. de Lima thinks that the legislative chamber needs to prioritize Senate Bill 1694, a proposal she filed a month ago. The recent Ordonio Ponzi scheme has compelled her to call upon her colleagues.
“I hope that this occurrence will push my esteemed colleagues in the Senate to take my proposed bill seriously and help pass it into law soon,” the senator explains.
Knowing that virtual currency resembles money, and that the possibilities in using it are endless, higher penalty for its use on illegal activities is necessary.
The Opposition Senator Believes Cryptocurrency Criminals Deserve Harsher Penalties
SB1694 would re-define the Republic Act No. 3815 or the Revised Penal Code (RPC) in order to penalize cryptocurrency criminals one degree higher than the traditional RPC.
“No matter how small or big a group, a punishment must be given. It should never be easy to escape after stealing the hard earned money of other people,” de Lima said.
The older RPC also states that “syndicated estafa and other forms of swindling shall be punishable by life imprisonment to death” if the act involves five or more individuals. De Lima’s proposal wants to lessen the guidelines of the law to two or more people involved with a syndicated crime involving cryptocurrencies.
The opposition senator also details that citizens from the Philippines should be leery of cryptocurrency investments. It’s also worth noting that senator Leila M. de Lima is a controversial figure, and is currently facing trial for profiting from the illegal narcotics trade.
What do you think about the Philippines senator who wants harsher punishments for those who use cryptocurrencies in crimes? Let us know what you think in the comments below.
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