Cryptobriefing Hungary's New Tech Minister to Roll Back Crypto Market Restrictions
Article Content
- •Hungary's new tech minister plans to remove restrictive crypto regulations.
- •Previous rules imposed criminal penalties, causing major platforms to exit the market.
- •Changes to cybersecurity auditor regulations are also anticipated under the NIS2 directive.
On June 6, 2026, Hungary's Minister of Science and Technology, Zoltán Tanács, announced plans to lift restrictions on the crypto market that were enacted on July 1, 2025. These restrictions included criminal penalties for unauthorized crypto services, which led to platforms like Revolut withdrawing from the Hungarian market. Tanács criticized the previous regulations as politically motivated and detrimental to competitiveness. The new government aims to align Hungary's digital strategy with EU standards, potentially benefiting local firms. Additionally, changes to cybersecurity auditor regulations under the NIS2 directive are anticipated, affecting around 4,000 companies facing a compliance deadline on June 30, 2026. The rollback of these restrictions could restore crypto services in Hungary and improve the market landscape for local businesses.
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