New Law In Hungary Could Send Crypto Traders To Jail – What’s Behind The Crackdown?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Over the past few weeks, a new law has thrown Hungary’s cryptocurrency sector into disarray.
New rules criminalizing the operation and use of “unauthorized” cryptocurrency exchanges took effect in the country on July 1.
“A person who exchanges crypto-assets of significant value for money or other crypto-assets using an unauthorized crypto-asset exchange service is guilty of a misdemeanor,” Hungary’s updated criminal code reads.
Don’t Miss:
Under the new rules, cryptocurrency traders could face between two and five years in prison for trading on the so-called unauthorized platforms, with jail time…
