News with the tag "Hungary"

Revolut has partially restored crypto services in Hungary after a regulatory pause, following the implementation of Hungary's new crypto law, while awaiting further guidance on local and EU regulations.

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The Hungarian National Bank (MNB) has decided to maintain its benchmark interest rate at 6.50% to manage inflation and foster currency stability, reflecting a cautious approach to economic growth and price stability.

Hungary has enacted a new law criminalizing unauthorized cryptocurrency trades, with severe penalties for large transactions, causing concern among crypto firms and users.

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Hungary's new cryptocurrency regulations impose severe restrictions and criminalize certain crypto activities, creating legal ambiguity and diverging from the EU's MiCA framework, which aims to integrate crypto with consumer protection and market integrity.

Hungary has criminalized unauthorized crypto trading with penalties up to 8 years in prison, creating regulatory uncertainty and causing major platforms like Revolut to freeze crypto services in the country.