Hungary is preparing to lift the strict restrictions on the digital-asset market imposed by the previous government. This was stated by the new minister of science and technology, Zoltan Tanach in an interview with Bloomberg. Legislation in force since 2025 criminalized the provision of crypto services without a special license, which led to the disappearance of major international players, including the Revolut fintech platform, and created high barriers for local companies fromfor the costs of the preparations.

The country’s new leadership plans to abolish all criminal prosecution of market participants, revise cybersecurity regulations and bring national legislation into line with the EU-wide MiCA regulation. Policymakers have taken as a guide the experience of Estonia, which has been developing a successful digital economy. The minister stressed that these changes would help bring back international platforms and significantly simplify the work of local crypto firms.

The reforms will also affect the implementation of NIS2 directive on cybersecurity, which will affect some 4,000 Hungarian companies that need to adapt by 30 June. The liberalization of the crypto market in Hungary is taking place against a backdrop of similar trends elsewhere: earlier, in April, Pakistan’s central bank lifted an eight-year ban on cryptocurrency transactions, opening up digital assets to its citizens.