Invoice T/305 handed parliamentary vote 143-46, with 1 abstention, on July 28, 2026.
Previous to this vote, it was unlawful to commerce crypto in Hungary with out clearance from government-approved verifiers.
These validators had been tasked with checking asset sources, pockets possession, and consumer data earlier than certifying any potential crypto transactions as compliant.
‘Crypto Asset Abuse’ Legal guidelines Lifted
Legal guidelines pertaining to the ‘abuse of crypto property’ had been launched in 2025 below Prime Minister Viktor Orbán’s authorities. Transactions between 5 and 15 million forints (roughly $15,000 – $150,000) had been reportedly punishable by a two-year jail sentence, with as much as 5 years for larger quantities.
Hungarian Finance Minister András Kármán states that the foundations disrupted the market and prompted suppliers comparable to Revolut, eToro, and CoinCash to halt or restrict their operations.
The EU Fee opened infringement proceedings in opposition to these legal guidelines in early 2026 on the premise that they conflicted with MiCA rules.
Crypto oversight continues to be in place, as the brand new invoice doesn’t take away or prohibit present MiCA compliance pointers.
Are Hungary’s New Legal guidelines Good for Crypto?
Opponents of the invoice argue that repealing present rules creates alternatives for cash laundering and for financing by terrorist teams or political events.
Supporters, however, level out that AML and KYC legal guidelines stay lined by MiCA.
Only a few corporations had been licensed as validators since 2025. 74% of lively Hungarian crypto customers traded with Revolut, and the corporate ceased native operations; the variety of residents buying and selling crypto fell by 80,000, a 38% drop, in keeping with PwC.
The lifting of those restrictions is believed by many to encourage crypto operators to re-enter Hungary, signaling a crypto-friendly surroundings that continues to be compliant with EU legal guidelines.
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