The U.S. Treasury has imposed sanctions on 19 individuals and entities related to large-scale cryptocurrency fraud cases in Myanmar and Cambodia, citing that by 2024, losses in the U.S. will increase by 66%, reaching $10 billion. Sanctioned entities include Tin Win and others based in Shwe Kokko, as well as T C Capital and other entities based in Cambodia, which are accused of involvement in fraudulent activities and forced labor schemes. Under the Magnitsky Act, the sanctions will prevent these entities from accessing the U.S. market and entering the U.S. banking system.