Overview
- The new government said on June 6 that it intends to remove the 2025 requirements for validator-issued compliance certificates and the criminal penalties tied to unapproved crypto transactions.
- The 2025 law had made transactions without a validator certificate legally invalid and set prison terms that rose with transaction size, which led major platforms such as Revolut to suspend crypto services in Hungary.
- Officials present the rollback as a return to EU norms under the Markets in Crypto-Assets framework, but the announcement is a plan not yet enacted into law and no legislative timetable has been published.
- The European Union has opened an inquiry into whether the 2025 rules complied with bloc law, a probe the government has cited in announcing the policy change.
- If parliament passes enabling legislation, platforms could restore trading and liquidity for users cut off since July 2025, yet market access will depend on how quickly laws change and whether firms reverse relocations to other EU hubs.