Union

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Sharp

would

<ul>
 <li>Hungary’s new TISZA-led government plans to remove crypto restrictions introduced in July 2025.</li>
 <li>Previous regulations imposed criminal penalties and pushed firms such as Revolut to reduce services.</li>
 <li>The government aims to align national crypto rules with the European Union’s MiCA framework.</li>
 <li>Officials are also pursuing broader digital economy reforms inspired by Estonia’s governance model.</li>
</ul>
Hungary’s new government has moved quickly to reverse the country’s restrictive cryptocurrency policies, signaling a major change in direction just weeks after taking office. The decision comes after the TISZA party secured a decisive election victory in April and began reshaping several key economic and technology policies. 
On June 6, newly appointed Minister of Science and Technology Zoltán Tanács <a href="https://x.com/wublockchain12/status/2063799555666461020" rel="noopener noreferrer nofollow">announced</a> plans to remove regulations that he said placed unnecessary burdens on cryptocurrency businesses. The announcement marks one of the government’s first major policy initiatives and reflects its broader effort to improve Hungary’s competitiveness within the European Union. 
The planned changes target rules introduced on July 1, 2025. Those measures created criminal penalties for unauthorized cryptocurrency service providers and imposed strict compliance obligations on firms operating in the sector. Consequently, several international companies reduced their crypto activities in Hungary. 
Among the most notable departures was Revolut, which scaled back cryptocurrency services in the country following the introduction of the rules. Meanwhile, local firms faced higher compliance expenses than competitors operating in more favorable European jurisdictions. As a result, some trading activity migrated to neighboring countries with less restrictive regulatory environments. 
Also Read: <a href="https://36crypto.com/alert-xrp-sell-off-triggers-sharp-reset-on-bybit-details/" rel="noopener noreferrer nofollow">Alert: XRP Sell-Off Triggers Sharp Reset on Bybit – Details</a> 
<h2 id="government-targets-mica-alignment-and-digital-economy-reforms">Government targets MiCA alignment and digital economy reforms</h2>
Tanács said the government intends to bring Hungary’s cryptocurrency framework into closer alignment with European Union standards. A key part of that strategy involves adopting regulations consistent with the <a href="https://36crypto.com/ripple-targets-mica-license-in-luxembourg-to-strengthen-eu-market-presence/" rel="noopener noreferrer nofollow">Markets in Crypto-Assets framework</a>, known as MiCA, which became fully applicable across the European Union in December 2024. 
Additionally, the administration wants to strengthen Hungary’s position as a digital economy by drawing inspiration from Estonia’s technology-focused governance model. Officials believe a more predictable regulatory environment can attract investment while supporting innovation in financial technology and digital assets. 
The government is also reviewing cybersecurity requirements linked to the NIS2 directive. Proposed adjustments would ease auditor-related obligations affecting nearly 4,000 Hungarian companies facing compliance deadlines later this month. Therefore, businesses could see a reduction in regulatory pressure while adapting to updated standards. 
Market participants are now watching for concrete legislative measures. The formal repeal of criminal penalties would provide the strongest indication that the government intends to follow through on its promises. Moreover, the return of major platforms such as Revolut could serve as an important signal that confidence is returning to the Hungarian crypto market. 
For the wider European crypto industry, Hungary’s policy shift reflects a <a href="https://36crypto.com/italys-financial-watchdog-warns-crypto-firms-ahead-of-mica-deadline/" rel="noopener noreferrer nofollow">growing preference for harmonized</a> regulation under MiCA rather than fragmented national approaches. The effectiveness of the new strategy will depend on how quickly policymakers convert their plans into law and restore certainty for businesses operating in the sector. 
<h2 id="conclusion">Conclusion</h2>
Hungary’s new government has placed crypto policy among its early priorities, aiming to remove restrictions that affected both businesses and investors. The success of the initiative will largely depend on legislative action and the response from major market participants. 
Also Read: <a href="https://36crypto.com/alert-142000000-flooded-into-xrp-network-in-one-week-details/" rel="noopener noreferrer nofollow">Alert: $142,000,000 Flooded Into XRP Network in One Week – Details</a> 
The post <a href="https://36crypto.com/hungary-moves-to-scrap-crypto-restrictions-as-new-government-takes-charge/" rel="noopener noreferrer nofollow">Hungary Moves to Scrap Crypto Restrictions as New Government Takes Charge</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Hungary Moves to Scrap Crypto Restrictions as New Government Takes Charge

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