Hungarys new crypto law takes effect, illegal transactions can be sentenced to up to 8 years in prison

By: odaily.com|2025/07/14 18:41:38
0
Share
copy

Odaily News Hungary has officially implemented new cryptocurrency legislation since July 1, prohibiting any unlicensed digital asset trading activities. Individuals who use unlicensed crypto services may be sentenced to up to 2 years in prison; those with a single transaction amount exceeding 50 million forints (about 140,000 US dollars) may be sentenced to up to 3 years in prison, and those with a single transaction amount exceeding 500 million forints may be sentenced to up to 5 years in prison. If you are an unlicensed service provider, the sentence may be up to 8 years.
It is reported that the financial technology platform Revolut has announced the suspension of its cryptocurrency services in Hungary. Local media pointed out that about 500,000 Hungarians have invested in crypto assets through legal income, and the details of regulatory enforcement are not yet clear. (Forbes)

You may also like

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

Will the SpaceX IPO Hurt Bitcoin? Here's What Traders Are Watching

What is the SpaceX IPO, and how could it affect Bitcoin prices? As SpaceX prepares for its historic Nasdaq debut, crypto traders are watching for potential liquidity shifts and market volatility.

Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows

Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.

Ferrari Challenge Le Mans: Carl Moon to Dominate in WEEX Livery

The art of absolute control. Inside Carl Moon’s Ferrari 296 Challenge quest at Le Mans, taming the storm together with the official WEEX livery.

Sahara AI Responds to SAHARA’s Sharp Drop: No Contract or Product Security Issues Found, Internal Investigation Underway

Sahara AI responded to SAHARA’s 60% price drop, saying no token contract or product security issues have been found and an internal investigation is underway.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com