Hungary Makes Unauthorized Crypto Trading a Crime: Major Platforms Cautious
Hungary turned unauthorized cryptocurrency trading into a criminal offense on July 1, 2025.
The law forces major platforms like Revolut and Bitstamp to suspend services, leaving 500,000 crypto holders unable to legally trade their assets.
Prison Time for Trading Crypto
Hungary’s parliament passed legislation in June adding two new crimes to the criminal code. The first targets people who use unlicensed crypto exchanges. The second targets companies that run unauthorized crypto services.
Individual users face serious jail time. Trading through unlicensed platforms can mean up to two years in prison. For transactions worth more than 50 million Hungarian forints ($146,000), sentences jump to three years. The harshest penalties—up to…
