Zoltán Tanács said he will scrap what he called unreasonable curbs, reversing prior policies that imposed criminal penalties and drove some platforms out of Hungary.
Hungary’s new Technology Minister Zoltán Tanács said on June 6 he will remove what he described as unreasonable curbs on crypto markets, marking a reversal of the prior government’s approach. The rollback would unwind policies including criminal penalties for unauthorized crypto services, rules that are set to take effect in July 2025. Tanács’ comments point to a potentially more accommodative stance toward digital assets in Hungary, where stricter requirements had already pushed platforms including Revolut to exit the market and increased compliance costs for local firms. The shift also fits the broader picture of European jurisdictions weighing market access and innovation against regulatory oversight under the EU framework.