Hungary’s Harsh Crypto Regulations: Risk or Opportunity for Startups?
Hungary’s just dropped some of the hardest crypto regulations in Europe, and traders are sweating bullets. We’re talking potential prison time if you mess up. The new rules could change everything for crypto in Hungary.
The Criminalization of Crypto Trading: A Minefield for Startups
Starting with the risks, Hungary’s new Criminal Code is a whole different ball game. If you trade crypto without the green light? Get ready for prison time. We’re looking at up to two years for small trades and three years for anything substantial. If you’re a service provider? Eight years of your life could be on the line if you’re caught doing unauthorized trading on a bigger scale.
Nobody knows exactly what this means, and it’s scary. As one insider put…
