Hungary will lift unwarranted restrictions on the digital asset market, according to the country’s new Minister of Science and Technology, Zoltan Tanach, as reported by Bloomberg.
Legislation in place since 2025 has imposed criminal liability for providing crypto services without special permission. As a result, major players, including the fintech platform Revolut, have exited the local market, and local companies have faced high compliance costs.
Tanach described the previous government’s policy as an obstacle to the economy. The new leadership plans to:
- abolish criminal prosecution for market participants;
- revise cybersecurity rules for businesses;
- align national law with the pan-European regulation MiCA.
The authorities have chosen Estonia’s experience as a model for developing the digital environment. According to the minister, the changes will help bring international platforms back to the country and simplify operations for local firms.
The review of rules will also affect the NIS2 directive. This will impact around 4,000 Hungarian companies, which need to meet regulatory requirements by June 30.
In April, Pakistan’s central bank lifted an eight-year ban on cryptocurrency operations.
