Hungary will reverse strict crypto transaction rules requiring compliance certificates, following EU scrutiny over regulatory overreach.
Hungary will reverse crypto trading restrictions introduced on July 1, 2025, after the European Union raised concerns. The rules required transactions to obtain compliance certificates from authorized providers, or risk being deemed unauthorized and legally invalid.
The framework mandated crypto conversion validation service providers to verify asset origins, wallet ownership, and user profiles. Transactions between $16,000 and $160,000 without certification could result in criminal penalties of up to two years.
The reversal follows broader EU calls for 12 countries to align crypto tax regulations, signaling regulatory harmonization efforts across the bloc.