Hungary is set to unwind parts of its prior regulatory approach to cryptocurrency trading, including rules that treated certain activity as a criminal offense. According to reports, the government will decriminalize crypto trading, reversing elements from the Orban-era framework that included potential jail terms. The change follows scrutiny linked to Hungary’s compliance with broader European oversight, with one report describing the reforms as a response to concerns that the rules exposed users and crypto service providers to criminal liability.
One part of the reported reversal involves ending requirements tied to approved validation for crypto conversions. Under the earlier regime, exchanges and related platforms could face legal risk if they did not operate within the approved structure. The reports also say the earlier enforcement environment contributed to disruptions for some consumer-facing services, including suspensions by platforms such as Revolut.
The government’s planned shift is described as a move toward decriminalization and reduced criminal exposure, though details of implementation timing and the full scope of the regulatory changes are not specified in the available summaries.
