Hungary is preparing to decriminalize cryptocurrency trading, reversing some of the strictest digital asset rules introduced under former Prime Minister Viktor Orbán. The proposed changes would remove criminal penalties for certain crypto transactions and signal a shift toward a more innovation-friendly regulatory framework.
The current rules, introduced in 2025, set strict compliance requirements for crypto-to-fiat and crypto-to-crypto transactions. Not following approved procedures could lead to criminal liability, including possible prison sentences for individuals and businesses.
The new proposal would remove those criminal provisions and replace them with a regulatory approach that focuses more on supervision and compliance instead of criminal law enforcement.
This policy change comes as the European Union continues to implement its Markets in Crypto-Assets (MiCA) framework, which aims to create a unified regulatory environment for digital assets across member states.
Industry observers think this move could make Hungary more attractive to crypto exchanges, blockchain startups, and fintech firms looking for regulatory certainty in Europe. It may also encourage more participation from investors who were previously worried about legal risks.
Although details of the revised framework are not yet fully available, this change is one of the most significant crypto policy reversals in the European Union. It shows that regulators are moving away from punitive measures and toward balanced frameworks that support innovation while maintaining oversight and consumer protection.
Countries Move Towards Legalizing & Regulating Crypto Market
Hungary To Decriminalize Crypto Trading In Reversal From Orban
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