Hungary will reverse the restrictive regulatory framework that Viktor Orbán’s government implemented on crypto assets, according to Bloomberg. Government spokesperson Anita Kobol confirmed that the country will decriminalize cryptocurrency transactions and eliminate the rules that imposed prison sentences on those who conducted transactions without approved validation.
The restrictions, in force since July 1, 2025 following parliamentary approval the previous month, criminalized the use of unlicensed exchanges and certain high-value transactions. Penalties ranged from two to five years in prison for individuals, depending on the amount involved, and reached up to eight years for service providers operating without a license from Hungary’s central bank.
The measures directly affected platforms such as Revolut, which suspended its crypto services in Hungary, and led to a decline in domestic trading volume. The European Union opened an investigation to determine whether the restrictions complied with the bloc’s regulations.
Zoltán Tanács, Hungary’s Minister of Science and Technology, announced last week the government’s intention to repeal these penalties, describing the rules as “politically motivated” rather than necessary market safeguards. This decisive shift represents a fundamental policy change for a country that, in less than a year, went from imposing one of Europe’s most punitive frameworks to seeking its complete dismantlement.
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