Hungarys new crypto law takes effect, illegal transactions can be sentenced to up to 8 years in prison

By: odaily.com|2025/07/14 10:41:38
Share
copy

Odaily News Hungary has officially implemented new cryptocurrency legislation since July 1, prohibiting any unlicensed digital asset trading activities. Individuals who use unlicensed crypto services may be sentenced to up to 2 years in prison; those with a single transaction amount exceeding 50 million forints (about 140,000 US dollars) may be sentenced to up to 3 years in prison, and those with a single transaction amount exceeding 500 million forints may be sentenced to up to 5 years in prison. If you are an unlicensed service provider, the sentence may be up to 8 years.
It is reported that the financial technology platform Revolut has announced the suspension of its cryptocurrency services in Hungary. Local media pointed out that about 500,000 Hungarians have invested in crypto assets through legal income, and the details of regulatory enforcement are not yet clear. (Forbes)

You may also like

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Domestic AI projects are surging, while domestic public blockchains are bickering

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

The market's potential to advance is now less about regulatory permissiveness and more about whether participants are truly ready to operate under a more transparent and rigorous ruleset.

DeFi 2.0 Explosion Post-Disorderly Restructuring in 2026

The further disordered reorganization of the macro environment, and the consequent drive toward the DeFi 2.0 explosion, both have clear trends and inevitability.

Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts

Most participants support a rate cut in December, with a few indicating that this decision was finely balanced and they might have supported standing pat. Those in favor of a rate cut generally pointed to the increased downside risks to employment seen in recent months.

AI Trading in Crypto: How Traders Actually Apply AI in Real Crypto Markets

Artificial intelligence has moved beyond experimentation in crypto markets. In 2025, AI-driven trading tools are increasingly used by traders who want better discipline, faster execution, and more structured decision-making in volatile markets. This guide explains how AI is actually used in crypto trading, step by step — with a focus on how these strategies are executed in real trading environments.

The first large-scale adoption of a "yield-bearing stablecoin" was in China

The digital renminbi has transitioned from "digital cash" to "digital currency".

Popular coins

Latest Crypto News

Read more