Hungary lifted its additional crypto restrictions in August 2026, but customers still face inconsistencies depending on the platform they use. Bitvavo resumed trading and euro deposits for Hungarian users, reopening registrations on September 7, 2026. However, Revolut's Hungarian help page, checked on November 13, 2026, still mentioned the shutdown of its crypto services and account closures tied to a December 2025 deadline.
The European Union's Markets in Crypto-Assets Regulation (MiCA) aimed to create a unified framework for crypto companies to operate across the EU without needing separate licenses in each country. However, differences in funding options and service availability persist. For example, Coinbase offers Easy Bank Transfer in several countries but different card deposit options in others, while Kraken's support documentation highlights varying payment methods like iDEAL for Dutch residents.
MiCA's passporting system allows authorized crypto companies to operate in other EU countries by notifying their home regulator. Revolut's crypto subsidiary received MiCA authorization in Cyprus in October 2025 and is listed as authorized in France. Hungary's extra authorization requirement, repealed in August 2026, had complicated this process. The European Commission had opened an infringement procedure against Hungary, arguing that MiCA did not allow for additional national requirements.
Even with MiCA's framework, customers may encounter different rulebooks within the same app. Kraken and Coinbase, for instance, separate their crypto and electronic money services under different legal entities. This separation means that while customers see both balances in one account, different companies manage the cash and crypto services. MiCA's requirements also extend to ensuring fair and non-discriminatory access to services, with clear explanations of terms and conditions.