It has been nearly two months since the pivotal elections in Hungary, in which Viktor Orban\u2019s 16-year tenure finally came to an end, as the country showed a clear shift toward the West.<\/p>\n
The new government has taken numerous steps to neutralize some of the controversial policies undertaken by the former administration, and the local cryptocurrency space could be among the beneficiaries.<\/p>\n
The rules against cryptocurrency trading were introduced by the Orban administration in 2025. They required approved validation for transactions converting digital assets to traditional currency and for crypto-to-crypto exchanges. Even more controversially, the rules included possible prison sentences in some extreme cases of violations.<\/p>\n
A Forbes report at the time claimed<\/a> that transactions for over $140,000 (50 million forints) carried a possible prison sentence of up to three years. Largest transactions for over $1.4 million (500 million forints) could lead to five years behind bars.<\/p>\n Numerous popular trading platforms were forced to leave the country or restrict their services for locals to a large extent. Although the European Union opened an investigation to determine whether these restrictions complied with its regulations, the local trading volumes plunged before the administration change earlier this year.<\/p>\n According to a new report from Bloomberg, the new government has decided<\/a> to lift the threat of jail time and criminal charges for using unauthorized exchanges or conducting non-compliant crypto-to-crypto and crypto-to-fiat transactions.<\/p>\n Government spokeswoman Anita Kobol said that Hungary will dismantle the transaction-level \u2018validation certificate\u2019 requirement and plans to align the local market with the EU\u2019s Markets in Crypto-Assets (MiCA) framework.<\/p>\n The post Hungary Plans to Decriminalize Cryptocurrency Trading After Orban\u2019s Departure (Report)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It has been nearly two months since the pivotal elections in Hungary, in which Viktor Orban\u2019s 16-year tenure finally came to an end, as the country showed a clear shift toward the West. The new government has taken numerous steps to neutralize some of the controversial policies undertaken by the former administration, and the local […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178739","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178739"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178739"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178739\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}