Hungary to reverse crypto trading crackdown after EU scrutiny

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerHungary to reverse crypto trading crackdown after EU scrutinyLatest NewsPublishedJun 11, 2026Hungary’s government said it will unwind crypto trading restrictions that required approved validation for conversions and exposed users and service providers to criminal liability.Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl. Speaking at a Thursday press conference, Köböl said Hungary would unwind rules introduced last year that required approved validation for crypto conversions and attached criminal penalties to violations. She said the restrictions contributed to a decline in crypto trading activity in the country. “This was an unnecessary piece of legislation. It made practical operation impossible and frightened the market participants,” Köböl said, according to a translation by Cointelegraph. “The criminal consequences also negatively impacted several hundred thousand people.”The rules also prompted several digital asset platforms, including Revolut, to suspend crypto services in the country, Köböl said. She added that regulation had also led to a European Union probe into whether Hungary's restrictions were compatible with the bloc's rules. The reversal would mark a policy shift for Hungary after its 2025 crypto framework created a restrictive approval system around crypto, exposing users and service providers to criminal liability.Hungary’s officials speaking at a press conference. Source: Péter Magyar/YouTubeHungary’s 2025 crypto rules threatened traders with prison time The restrictions stemmed from a legislative package passed in 2025 that amended Hungary’s Criminal Code and its Act VII of 2024 on the crypto market, known as the Crypto Act.Under the a…

Hungary to reverse crypto trading crackdown after EU scrutiny

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