Hungary’s recently appointed Minister of Science and Technology, Zoltán Tanács, announced on June 6 that the country will lift what he described as unjustified restrictions on the crypto assets market. The move represents a sharp reversal from the previous government’s approach, which included criminal penalties for unauthorized crypto services.

The announcement also flagged potential changes to cybersecurity auditor regulations under the NIS2 directive, a shift that could affect roughly 4,000 Hungarian companies facing a June 30 compliance deadline.

What the previous government built, and what’s being torn down

Rules that took effect on July 1, 2025, introduced criminal penalties for providing unauthorized…