Hungary reverses restrictions on cryptoasset conversions

Hungary’s new government revealed this week that it will fully decriminalize cryptocurrency trading and dismantle the punitive regulatory framework imposed under former Prime Minister Viktor Orban, removing jail sentences of up to eight years for ordinary users and providers, according to Bloomberg. A Sharp Reversal After One Election The Bloomberg report follows the April 12, […]

Hungary's policy shift may boost crypto market liquidity, but establishing a stable regulatory framework remains crucial for sustained growth. The post Hungary reverses restrictive crypto laws, decriminalizes trading appeared first on Crypto Briefing.

Hungary’s government said it will unwind crypto trading restrictions that required approved validation for conversions and exposed users and service providers to criminal liability.

The previous measures included possible prison sentences for certain violations.

Hungary has moved to remove prison penalties tied to cryptocurrency trading after restrictions introduced in 2025 led to a slump in trading activity and prompted several platforms to scale back services in the country. Government spokeswoman Anita Kobol told reporters…

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Hungary's policy shift enhances EU unity, potentially strengthening future sanctions and reducing Russia's ability to bypass oil restrictions. The post EU targets head of Russian Orthodox Church with sanctions after Hungary drops four-year veto appeared first on Crypto Briefing.