Hungary will decriminalize crypto trading in a reversal of restrictions introduced under former leader
Hungary last year tightened rules for cryptoasset conversions, requiring approved validation for crypto-to-fiat and crypto-to-crypto transactions and attaching potential jail terms to violations.
The rules prompted several digital-asset platforms, including Revolut, to suspend crypto services in the country. The regulation also led to a drop in crypto trading in Hungary and to a European Union probe into the compatibility of the restrictions with the bloc’s rules, government spokeswoman Anita Kobol told reporters on Thursday.
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