Hungary will decriminalize crypto trading and lift restrictions on crypto services, marking a sharp reversal from the restrictive policies introduced under former Prime Minister Viktor Orbán.
The new government, led by the TISZA party following its victory in April elections, plans to remove criminal penalties for providing unauthorized crypto services. The previous rules, which took effect on 1 Jul 2025, had imposed potential jail terms for crypto-to-fiat and crypto-to-crypto transactions conducted without official validation.
Science and Technology Minister Zoltán Tanács had described the restrictions as "politically motivated and unjustified" on 6 Jun, signalling that the government would dismantle the measures, which had led several platforms, including Revolut, to suspend crypto services in the country. On 11 Jun, government spokesperson Anita Kobol confirmed that digital asset trading will be decriminalized but did not provide a precise timeline.
The policy change comes as Hungary seeks to align more closely with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which establishes a harmonized framework for crypto services across member states.
The previous Orbán government had taken a notably hostile stance toward cryptocurrencies, introducing strict licensing requirements and criminal sanctions that significantly increased compliance costs for local firms and deterred international platforms from operating in the market.
