(File photo by Thiti Wannamontha)Cryptocurrency transactions could be manipulated to buy votes in the general election, Deputy Prime Minister Wissanu Krea-ngam warned Thursday. Thailand has also been warned that bitcoin transactions could be manipulated to buy votes ahead of the poll, Mr Wissanu said. It is easy to use, and can be traded with other users around the world, though there are fears of fraud, hacking and errors in the system, Mr Wissanu said. The government does not oppose cryptocurrency transactions, but investors are urged to keep abreast of information to avoid being cheated, he said. Jessada Sookdhis, president of the Thai Fintech Association, also warned investors about "pump-and-dump" scams that are widespread in other countries.

Source: Bangkok Post May 24, 2018 22:07 UTC