Hungary has repealed its mandatory crypto conversion validation system and removed two related criminal offenses that exposed users and service providers to prison terms of up to eight years.
Summary
- Hungary has removed mandatory validation checks for crypto conversions.
- Two crypto offenses carrying prison terms of up to eight years have been repealed.
- The rules took effect on Aug. 7 after Parliament approved the repeal on July 31.
- The changes remove a separate national compliance layer alongside the EU’s MiCA framework.
The Hungarian Parliament passed Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services,…
