Hungary's incoming Minister of Science and Technology, Zoltán Tanács, announced plans to lift restrictive measures on the cryptocurrency market. This move reverses the previous government's policies, which included criminal penalties for unauthorized crypto services and led to the exit of platforms like Revolut. The changes aim to reduce compliance costs for local companies and align with the EU's MiCA framework.
Tanács, set to assume office in May 2026, criticized the existing rules as politically motivated. The new government also intends to amend cybersecurity audit regulations under the NIS2 directive, affecting around 4,000 Hungarian companies with a compliance deadline of June 30th. Hungary seeks to adopt Estonia's digital governance model to enhance its technological landscape.
Hungary to Lift Cryptocurrency Restrictions, Easing Market Regulations
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