The newly appointed Minister of Technology in Hungary announced the removal of unreasonable restrictions on the cryptocurrency market

By: rootdata|2026/06/09 04:45:01

According to Cryptopolitan, Hungary's newly appointed Minister of Technology, Zoltán Tanács, announced on June 6 that unreasonable restrictions on the cryptocurrency market would be lifted, reversing the previous government's policies, including criminal penalties for unauthorized crypto services. The rules, effective July 2025, led to platforms like Revolut withdrawing from the Hungarian market, and local businesses faced higher compliance costs.

Tanács took office after the new government was formed in May 2026 and believes these rules were politically motivated. The new government also plans to amend the cybersecurity audit regulations under the NIS2 directive, with approximately 4,000 Hungarian companies facing a compliance deadline of June 30. Hungary is seeking to draw on Estonia's digital governance model, positioning itself in support of the EU MiCA framework.

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