Hungary Moves to Decriminalize Crypto Trading and Align With MiCA
— By Tony Rabbit in Regulation
Hungary's new government plans to decriminalize unauthorized crypto services and align with EU MiCA regulations, reversing previous strict policies.
Hungary's new government is moving to soften its strict crypto regulations, signaling a significant policy reversal from the previous administration. Plans include removing what are described as 'unreasonable restrictions' and scrapping criminal penalties for unauthorized crypto services.
Policy Reversal Announced
The incoming Minister of Science and Technology announced these new plans. This marks a direct reversal of the previous administration's stance, which had introduced stringent crypto rules.
Decriminalization and Market Impact
A key part of the new policy is the removal of criminal penalties for unauthorized crypto services. These penalties were initially set to take effect in July 2025 and had reportedly led to platforms like Revolut exiting the Hungarian market.
Aligning with EU Standards
The stated objective of this regulatory shift is to align Hungary's crypto framework with the European Union's Markets in Crypto-Assets (MiCA) regulation. This move aims to improve the country's competitiveness in the digital assets sector.
Implications for the Crypto Market
This development could potentially open up the Hungarian market to a broader range of crypto services and platforms, fostering a more favorable environment for digital asset innovation. For DEXTools users tracking global regulatory shifts, this is a notable change in the European landscape.
This news was reported on June 11, 2026, by Bloomberg, Cointelegraph, and Crypto Briefing. This is not financial advice.
Frequently Asked Questions
What is Hungary's new crypto policy?
Hungary's new government plans to soften strict crypto rules, removing unreasonable restrictions and scrapping criminal penalties for unauthorized crypto services.
Why is Hungary changing its crypto rules?
The stated goal is to align Hungary's framework with the European Union's MiCA regulation and improve the country's competitiveness in digital assets.
When were the strict penalties supposed to take effect?
Criminal penalties for unauthorized crypto services were set to take effect in July 2025.
Which platforms were affected by the previous rules?
Platforms such as Revolut reportedly exited the Hungarian market due to the strict regulations.