Hungarys new crypto law takes effect, illegal transactions can be sentenced to up to 8 years in prison
By: odaily.com|2025/07/14 18:41:38
0
Share
Odaily News Hungary has officially implemented new cryptocurrency legislation since July 1, prohibiting any unlicensed digital asset trading activities. Individuals who use unlicensed crypto services may be sentenced to up to 2 years in prison; those with a single transaction amount exceeding 50 million forints (about 140,000 US dollars) may be sentenced to up to 3 years in prison, and those with a single transaction amount exceeding 500 million forints may be sentenced to up to 5 years in prison. If you are an unlicensed service provider, the sentence may be up to 8 years.
It is reported that the financial technology platform Revolut has announced the suspension of its cryptocurrency services in Hungary. Local media pointed out that about 500,000 Hungarians have invested in crypto assets through legal income, and the details of regulatory enforcement are not yet clear. (Forbes)
You may also like
Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF
Overview of Important Market Events on June 7th
Should we escape the peak? The principle of the tail-end market in the stock market
The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...
RootData: May 2026 Cryptocurrency Exchange Transparency Research Report
In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.
Founder of Baixing.com: My Experience with Claude Code in Fourteen Points
Treat Claude Code as a horse (or as a person), not as a car. A car turns under its own command, while a horse has its own ideas; we just need to set the goals and boundaries.
Yang Ge Gary: Agent Economics and AI Microeconomics
After the singularity explosion, the evolution clock of AI accelerated continuously, leading to the rapid formation of new civilizational generations in different regions around the world.
When reasoning becomes a scarce resource, who captures its value?
The company that ultimately wins will not be the one with the most GPUs, but the one that can tell you which GPUs are available where and at what price, and route each workload to where it can run at the lowest cost.
Jensen Huang dramatically "rescues" the South Korean stock market
The entire industry supply chain—from wafers to packaging to silicon photonics... everything is in short supply due to such high demand. This situation will last for several years.
Stablecoins vs Deposit Tokens: On the surface, they seem like opposing sides, but in reality, they are interconnected
Great powers compete for standards, while small countries build barriers.
Bitcoin Crash to $50,000 or Bear Trap Before $100,000? Deep Dive for WEEX Traders
Is Bitcoin heading to $50k or getting ready to blast off to $100k? Check out this breakdown of liquidations, ETF flows, and whales buying the dip.
How Could the SpaceX IPO Affect Bitcoin, Altcoins season, and Crypto Liquidity?
Will the SpaceX IPO affect Bitcoin prices? Discover how SpaceX's reported BTC holdings, crypto liquidity shifts, ETF outflows, and the biggest IPO in history could impact Bitcoin and the broader crypto market.
The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.
The AI bubble is bursting
In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.
Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect
In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.
Has the narrative of BTC as "digital gold" failed?
What truly matters is not whether it will rise, but whether you can live to see that day.
A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?
The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.
It took me a year to see the painful truth about Agent payments
Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...
Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage
Overview of Important Market Events on June 4th
Privacy coin trust crisis! ZEC plummets over 56% in a single day
The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.
Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF
Overview of Important Market Events on June 7th
Should we escape the peak? The principle of the tail-end market in the stock market
The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...
RootData: May 2026 Cryptocurrency Exchange Transparency Research Report
In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.
Founder of Baixing.com: My Experience with Claude Code in Fourteen Points
Treat Claude Code as a horse (or as a person), not as a car. A car turns under its own command, while a horse has its own ideas; we just need to set the goals and boundaries.
Yang Ge Gary: Agent Economics and AI Microeconomics
After the singularity explosion, the evolution clock of AI accelerated continuously, leading to the rapid formation of new civilizational generations in different regions around the world.
When reasoning becomes a scarce resource, who captures its value?
The company that ultimately wins will not be the one with the most GPUs, but the one that can tell you which GPUs are available where and at what price, and route each workload to where it can run at the lowest cost.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
