The South Korean presidential election is approaching, and 16 million encryption voters will affect the key election situation.

GateUser-6433627c · 2025-05-04T02:45:18+00:00

On May 4, according to South Korean media Point Daily, South Korea's June 3 presidential election is imminent, and the ruling and opposition parties agree on traditional investment-related bills, and winning the votes of virtual asset investors will be crucial to winning the presidential election. The number of virtual asset investors in South Korea is estimated at 16 million, accounting for about 36% of the number of voters (about 44.25 million) in the 22nd general election held on April 10 last year, and the market size is comparable to the market capitalization of KOSPI in South Korea. Candidates from various parties have proposed policies related to virtual assets. The Democratic Party of Japan (DPJ) pledged to promote the Basic Law on Digital Assets, and the opposition People's Power Party (NPP) proposed seven major policies, including liberalizing restrictions on institutional investment and allowing ETF trading. Industry insiders said that due to investors' strong demand for policy relaxation, the voting preference of virtual asset investors will have an important impact on the election.

GateUser-6433627c

2025-05-04 02:45:18

On May 4th, according to the South Korean media Point Daily, with the presidential election on June 3rd approaching, both the ruling and opposition parties have a consensus on traditional investment-related legislation, and securing the votes of virtual asset investors will be crucial for winning the presidential election. The number of domestic virtual asset investors in South Korea is estimated to be 16 million, accounting for approximately 36% of the voter numbers in the 22nd general election held on April 10th last year (around 44.25 million), with a market scale comparable to the market capitalization of the KOSPI in South Korea. Candidates from various parties have proposed policies related to virtual assets. The Democratic Party has promised to promote a basic law for digital assets, while the opposition People Power Party has proposed seven major policies, including lifting restrictions on institutional investments and allowing ETF trading. Industry insiders indicate that due to investors’ strong demand for policy easing, the voting preferences of virtual asset investors will have a significant impact on the election outcome.

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