Revolut has partially restored cryptocurrency services in Hungary following a suspension caused by new stringent local regulations. While users can now deposit, withdraw, and stake over 30 supported tokens, core functionalities like buying, selling, and receiving cryptocurrencies remain disabled. The company is currently navigating Hungary’s tough crypto law, which enforces strict licensing requirements and criminal penalties, and is pursuing compliance under the EU’s Markets in Crypto-Assets Regulation to fully restore services.
Continue to read Revolut Resumes Limited Crypto Services in Hungary Amidst Regulatory Restrictions
Revolut has partially restored cryptocurrency services in Hungary following a suspension caused by new stringent local regulations. While users can now deposit, withdraw, and stake over 30 supported tokens, core functionalities like buying, selling, and receiving cryptocurrencies remain disabled. The company is currently navigating Hungary’s tough crypto law, which enforces strict licensing requirements and criminal penalties, and is pursuing compliance under the EU’s Markets in Crypto-Assets Regulation to fully restore services.
Continue to read Revolut Resumes Limited Crypto Services in Hungary Amidst Regulatory Restrictions
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