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Hungary repeals strict crypto laws to comply with EU MiCA, removing harsh penalties for unauthorized crypto exchanges.

Market News
20 Aug 2026
Bitcoin
View Source
Bullish
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Hungary has repealed strict national crypto regulations that required validation checks for crypto asset conversions, aligning its laws with the EU's Markets in Crypto Assets (MiCA) framework. This repeal removes previous criminal penalties, including up to eight years imprisonment for unauthorized crypto transactions, which were unique to Hungary. The change allows EU-authorized crypto exchanges to operate freely in Hungary without redundant local rules. This move simplifies compliance and supports a unified EU crypto market following MiCA's full implementation on July 1, 2026.

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