Hungary Ditches Crypto Rules Amid Market Backlash
Hungary's parliament voted to repeal laws that restricted cryptocurrency trading in the country. The bill, T/305, passed on July 28, 2026, with a vote of 143-46 and one abstention.
The repealed laws introduced in 2025 under Prime Minister Viktor Orbán's government required crypto transactions between 5 and 15 million forints (approximately $15,000 to $150,000) to be certified by government-approved verifiers. These validators checked asset sources, wallet ownership, and client information before certifying the transactions.
Hungary's Finance Minister András Kármán stated that these regulations disrupted the market and led providers like Revolut, eToro, and CoinCash to halt or limit their operations in Hungary.
The European Union Commission launched infringement proceedings against these laws in early 2026, citing conflicts with MiCA (Markets in Crypto-Assets) regulations.