Copy suppression: Hungarians face a 5 -year prison for trading unauthorized digital assets star-news.press/wp

Hungary took a solid line in the trading of encryption. On July 1, 2025, the updated criminal law was operated in the country. Anyone may face trading in the exchange of unlicensed encryption assets at the time of prison.

This applies even if the trader exchanges only 5 million (about 14,600 dollars) of distinctive symbols. Hungary is now one of the most stringent places in Europe for private Encryption Users.

Strict penalties for encryption traders

According to New symbolAnyone who exchanges between 5 million HUF and 50 million Huf can be judged on an unauthorized platform for up to two years.

Any person with a trading volume decreases between 50 million HUF and 500 million HUF (about 145,950 – 1.46 million dollars), reaching three years behind bars.

Those who move more than 500 million HUF face up to five years. Each layer increases the number of penalty based on the amount of money that changes.

 Hungary released a document outlining the government's criminal codes. Source: Hungary Ministry of Justice.

Service providers face harsh conditions

based on ReportsCompanies that manages unlicensed exchange services in a deeper problem. Service providers who deal with up to 50 million HUF are subjected to a prison sentence for up to three years.

If they treat between 50 million HUF and 500 million HUF, they may spend up to five years in prison. Any company that deals with more than this amount can be punished for up to eight years in prison.

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A revolution withdraws encryption services

The repercussions have already started. revolutionThe Fintech application in the United Kingdom used by many Hungarians stopped all encryption, sale and trick purchases. He made a notice of local customers to blame “recently presented Hungarian legislation.”

Users now cannot deposit or exchange their digital codes until the revolution sort its legal position. For some, this means weeks or even months of waiting.

Comparisons with other markets

Other parts of the world were conducted unlicensed encryption services. The United States, the United Kingdom, Hong Kong and South Korea are all fine or imprisonment for unlicensed operators, but they are rarely chasing traders every day.

Singapore recently warned its local companies against quitting customer service abroad without a license, at a prison threat for up to three years or a fine of $ 250,000 Singapore. However, Hungary stands out to target private users based on the amounts of their dealings.

Hungary’s supervisory authority for organizational affairs has 60 days from July 1 to determine clear rules. Until then, no one knows how to get the mandatory “verification certificate” that each accredited stock exchange must keep.

Distinctive image from Goway, the tradingView graph

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