Hungary has recently implemented a cryptocurrency law that has led to the suspension of digital asset services by several firms.
The legislation, which took effect on 1 July 2025, introduces criminal penalties for individuals and companies engaging in unauthorised crypto trading and services.
Under the amended Criminal Code, individuals conducting cryptocurrency transactions through unlicenced platforms could face up to two years in prison. That sentence increases to three years for transactions exceeding HUF 50 million (around USD 140,000) and up to five years for trades over HUF 500 million. Companies offering crypto exchange services without formal authorisation may face prison terms of up to eight years for larger-scale operations.
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Jul 15 2025
