Bill T\/305 passed parliamentary vote 143-46, with 1 abstention, on July 28, 2026.<\/p>\n
Prior to this vote, it was illegal to trade crypto in Hungary without clearance from government-approved verifiers.<\/p>\n
These validators were tasked with checking asset sources, wallet ownership, and client information before certifying any prospective crypto transactions as compliant.<\/p>\n
Laws pertaining to the \u2018abuse of crypto assets\u2019 were introduced in 2025 under Prime Minister Viktor Orb\u00e1n\u2019s government. Transactions between 5\u00a0and 15 million forints (roughly $15,000 \u2013 $150,000) were reportedly\u00a0punishable<\/a> by a two-year prison sentence<\/span>, with up to five years for higher amounts.<\/p>\n Hungarian Finance Minister Andr\u00e1s K\u00e1rm\u00e1n states that the rules disrupted the market and caused providers such as Revolut, eToro, and CoinCash to halt or limit their operations.<\/p>\n The EU Commission opened infringement proceedings against these laws in early 2026 on the basis that they conflicted with MiCA regulations.<\/p>\n Crypto oversight is still in place, as the new bill does not remove or restrict existing MiCA compliance guidelines.<\/p>\n Opponents of the bill argue that\u00a0repealing<\/a> existing regulations creates opportunities for money laundering and for financing by terrorist groups or political parties<\/span>.<\/p>\n Supporters, on the other hand, point out that AML and KYC laws remain covered by MiCA.<\/p>\n Very few firms were licensed as validators since 2025. 74% of active Hungarian crypto users traded with Revolut, and the company ceased local operations; the number of citizens trading crypto fell by 80,000, a 38% drop, according<\/a> to PwC.<\/p>\n The lifting of these restrictions is believed by many to encourage crypto operators to re-enter Hungary, signaling a crypto-friendly environment that remains compliant with EU laws.<\/p>\n The post Hungarian Parliament Scraps Crypto Verifier Rule: What Does it Mean?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bill T\/305 passed parliamentary vote 143-46, with 1 abstention, on July 28, 2026. Prior to this vote, it was illegal to trade crypto in Hungary without clearance from government-approved verifiers. These validators were tasked with checking asset sources, wallet ownership, and client information before certifying any prospective crypto transactions as compliant. \u2018Crypto Asset Abuse\u2019 Laws […]<\/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-205929","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205929"}],"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=205929"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/205929\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=205929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=205929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Are Hungary\u2019s New Laws Good for Crypto?<\/h2>\n