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Key Takeaways
- Hungary scrapping 2–8 year prison sentences for unlicensed crypto trading under Act LXVII of 2025.
- Mandatory SARA validation certificates abolished, covered all crypto-to-fiat and crypto-to-crypto transactions.
- Revolut suspended all crypto services for Hungarian users last year, fully exiting by December 18, 2025.
- EU opened MiCA infringement proceedings against Hungary’s validation regime.
- New government modeling framework on Estonia’s FIU-supervised digital licensing system.
Hungary’s new government is scrapping the crypto restrictions introduced under Viktor Orbán, whose 16-year rule ended after the April 2026 elections brought Péter Magyar’s pro-European Tisza Party to power. Government spokesperson Anita Köböl confirmed the reversal at a press conference on June 11, stating the previous legislation “made practical operation impossible and frightened ...
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