The Australian elections are almost here, with Australia's 48th Parliament members being elected in the 2025 federal elections. This will take place before May 17th, 2025.
As Australia prepares for a federal election, a new YouGov poll shows that, like the recent US election, cryptocurrency investors can play a pivotal role in determining outcomes. is suggested.
According to the results of the YouGov poll dated February 16, 2025, the majority of voters are leaning towards candidates for custody policy.
Young Australians appear to be more leaning towards custody policies, but older voters remain skeptical.
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A SWYFTX survey found that 2M Australian crypto investors could have an impact on the upcoming federal election, with 59% supporting pro-cryptic candidates.
#base Ecosystem token trading volume has fallen 78% since December. pic.twitter.com/i5u83p2cwk
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22% of Australian voters invest in crypto
A study commissioned by Australia's Crypto Exchange Swyftx found that around 22% of Australian voters invest in cryptocurrency. This translates to around 4 million adults.
Of these, 59% indicate that they are more likely to support candidates who advocate for custody policies. This potential pro-cryptic voting block of two million Australians is a demographic large enough to affect the battlefields of major elections.
“For the first time in our political history, we are about to take part in federal elections with a block that votes on codes that are big enough to sway the results.” Additionally, Titman argued that the group is primarily under the age of 50 and is concentrated in suburban areas.
The survey found that 18% of voters over the age of 50 are less likely to support custody politicians. Could this be a challenge for candidates looking to appeal across generations?
Titman acknowledged the gap and sought better communication from the crypto industry.
“Our sector is completely embraced that we need to do a better job of spelling out the productivity and investment benefits of crypto technology to non-crypto users,” he said.
Exploring: Australia's Bitcoin ATMs Grow rapidly and catch up to Europe
Political Meaning: Union v/s Labor
YouGov polls show the Central Right Coalition, led by Peter Dutton, as the frontrunner.
The coalition is projected to secure 73 seats. Meanwhile, the incumbent centre left Labour Party, led by Prime Minister Anthony Albanese, is 76 shy enough for the majority and faces a difficult battle to maintain power.
In particular, Australia has witnessed a growing interest in cryptocurrency in recent years, but regulatory uncertainty has prevented it from fully adopting it.
Australian regulators or Australian Transaction Reporting and Analytics Centre (Austrac) have cracked down on more than 50 cryptocurrency exchanges and implemented compliance with money laundering anti-money laundering (AML) and counter-terrorism financing (CTF). Masu.
On February 17, 2025, Austrac announced a press conference revealing that “13 remittance and digital currency exchange providers are still in sight with over 50 people.”
In 2024, nine providers cancelled their registrations due to non-compliance. Meanwhile, two crypto service providers were placed under strict conditions, and Austrac warned that further violations could lead to termination.
Exploration: Australian regulator Austrak Review 50 crypto service providers take action against 13
Key takeout
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A SWYFTX survey found that 2M Australian crypto investors could have an impact on the upcoming federal election, with 59% supporting pro-cryptic candidates.
Crypto Post Voters of Crypto could shake up Australia's federal elections, a Yougov poll revealed it first appeared in 99bitcoins.
