Portugal elections: Is the country’s crypto-friendly status at stake?

Portugal’s general elections are crucial for the country’s blockchain and digital assets industry.

Voting opened for the Portugal general elections on the morning of March 10, 2024, just one month ahead of the 50th anniversary of the Carnation Revolution — which marked the end of the Salazar dictatorship.

The elections represent a significant shift in Portugal’s political landscape.

In 2022, former Prime Minister Antonio Costa won a historic victory, gaining an outright majority in the parliament with 41.37% of the votes. The center-left Socialist Party (PS) had a green light to rule the country without the need to form coalitions.

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