Hungary to reverse crypto trading crackdown after EU scrutiny
Hungary plans to decriminalize crypto trading by отменing rules that imposed prison terms for certain crypto-to-fiat and crypto-to-crypto transactions. The government says the 2025 framework was too restrictive, hurt market activity, and pushed platforms such as Revolut to suspend services in the country. The current system required an approved validation certificate for crypto conversions; without it, transactions were treated as unauthorized and could trigger criminal penalties. Under the 2025 amendments, unauthorized crypto trades could lead to up to two years in prison for smaller amounts, five years for larger ones, and up to eight years for the biggest transactions. The rules also created a new licensed validation-provider regime. The reversal signals a broader policy shift under Hungary’s new Tisza-led government toward easing tensions with the EU and relaxing the country’s earlier hardline crypto stance.
