Hungary Cracks Down on Crypto as Revolut Freezes User Accounts

TLDR

  • Revolut Freezes Crypto in Hungary Amid Harsh New Regulations
  • Hungary’s Crackdown Locks 500K Users Out of Crypto on Revolut
  • Crypto Chaos in Hungary: Revolut Suspends Services Without Warning
  • Revolut Halts Hungarian Crypto Access After Sudden Legal Shift
  • Hungary Criminalizes Unlicensed Crypto, Freezes Hit Major Platforms

Hungary has criminalized unlicensed crypto activity, prompting Revolut to suspend all cryptocurrency services for its Hungarian customers. The neobank froze users’ crypto holdings without notice on July 7, responding to sweeping legislative changes. This action marks a sharp escalation in Hungary’s stance on crypto regulation, placing Revolut at the center of the fallout.

Revolut Blocks Access to…

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