Wu Blockchain (@WuBlockchain): Hungary has enacted strict new cryptocurrency laws effective July 1, criminalizing “unauthorized” crypto trading with penalties of up to 5 years in pr…
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Hungary has enacted strict new cryptocurrency laws effective July 1, criminalizing “unauthorized” crypto trading with penalties of up to 5 years in prison for individuals and 8 years for service providers. Revolut has suspended crypto services in Hungary. The sweeping law, lacking implementation guidelines, puts 500,000 crypto users at risk and clashes with the EU’s MiCA regulation. https://t.co/8hl295z0dV