LIVE#BullorBear Can South Korea’s April 10 Elections Be
Influenced By Crypto?
With the South Koreans going to the polls in the April 10 elections, there is a growing feeling that the
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crypto market could play a part in the fate of the candidates. The role of digital assets has been more crucial in this election compared to the last. According to analysts, it could be the time for young people to cause an upset in South Korea, which boasts a population of about 52 million people.
Analysts discuss the impact of crypto in South Korea’s elections
The crypto community, consisting of majorly the young population, has been through a lot in the crypto ecosystem. Aside from the loss influenced by the fall of Do Kwon’s Terra, there have been bits of confusion in crypto regulations in the country. However, this upcoming election may signal a way forward with the respective crypto-related promises made by the candidates acting as a trigger for them to take to the polls.
The South Korean election, scheduled for April 10, will see multiple parties contest for the 300 seats in the national assembly. However, there is a consensus that two parties will be capturing the majority of the seats in South Korea’s legislature. The People Power Party (PPP) which fielded the current president Yoon Suk Yeol and the Democratic Party of Korea (DPK) will be looking to increase their tally of 114 and 156 seats respectively.
Impact of crypto promises on voter participation
