Bitcoin Magazine
Hungary Backs Away From Bitcoin and Crypto Criminalization in Regulatory U-Turn
Hungary is dismantling the restrictive digital asset framework introduced under former Prime Minister Viktor Orbán, a policy overhaul that will decriminalize crypto trading and eliminate the prison sentences that had driven major platforms from the country, government spokesperson Anita Kobol said Thursday, according to Bloomberg.
The rollback marks a full reversal of legislation that took effect July 1, 2025, after parliament passed rules criminalizing the use of unlicensed exchanges and certain unauthorized high-value crypto transactions.
Those transactions — ranging between 50 million Hungarian forints (roughly $162,000) and 500 million forints (roughly $1.62 million) — subjected individuals to prison terms of up to two or five years, depending on the transaction value. Service providers operating without a central bank license faced sentences of up to eight years
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