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

By: odaily.com|2025/07/14 18:41:38
0
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

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Can You Win Joker Returns Without Large Trading Volume? 5 Mistakes New Players Make In WEEX Joker Returns Season 2

Can small traders win WEEX Joker Returns 2026 without huge volume? Yes—if you avoid these 5 costly mistakes. Learn how to maximize card draws, use Jokers wisely, and turn small deposits into 15,000 USDT rewards.

Altcoin Season 2026: 4 Stages to Profit (Before the Crowd FOMO In)

Altcoin Season 2026 is starting — discover the 4 key stages of capital rotation (from ETH to PEPE) and how to position before the peak. Learn which tokens will lead each phase and avoid missing the rally.

Will Alt season come in 2026? 5 Tips to Spot the Next 100x Crypto Opportunities

Will altcoin season arrive in 2026? Discover 5 rotation stages, early signals smart traders watch, and the key crypto sectors where the next 100x altcoin opportunities may emerge.

 

The bear market has arrived, and cryptocurrency ETF issuers are also getting involved

Today's listing of MSBT is the latest landmark in this restructuring, with the influx of institutions accelerating the embrace of cryptocurrencies by traditional finance, but also diluting the liquidity of the native market.

The richest man had a quarrel with his former boss

It has become a huge uproar, as several top figures in the Chinese cryptocurrency circle have engaged in intense verbal battles and confrontations in the past 24 hours.

Popular coins

Latest Crypto News

Read more