Hungary to Remove 'Unjustified' Restrictions on Digital Asset Market
Hungary's new science and technology minister, Zoltán Tannach, plans to repeal strict digital asset regulations that drove away major players like fintech platform Revolut, Bloomberg reports.
Hungary will remove what its new science and technology minister calls "unjustified" restrictions on the digital asset market, according to a report by Bloomberg.
Current legislation, in effect since 2025, introduced criminal liability for providing crypto services without a special license. This caused major firms, including fintech platform Revolut, to exit the market, while local companies faced heavy compliance costs.
Minister Zoltán Tannach criticized the previous government's policy as an obstacle to economic growth, signaling a shift toward a more crypto-friendly regulatory environment.
Source: ForkLog