Crypto validation has ended
The crypto validation introduced in 2025 made the conversion of crypto-assets subject to a review, while failure to obtain validation threatened Hungarian users with criminal proceedings and even prison sentences.Because the rules were unclear, several providers limited or stopped their services in Hungary.The system ended in summer 2026.
This site will remain online
The validation regime has ended, but not every provider has returned to Hungary. This site will keep tracking who comes back and where restrictions remain. The timeline will also preserve a record of how the rules changed.
Affected service providers
Current status of crypto service providers that verifiably restricted their Hungarian operations.
Bull Bitcoin
Available again to residents of Hungary.
Left: December 26, 2025
Return confirmed: September 16, 2026
eToro
Cryptoasset trading, staking, and the eToro Crypto Wallet are available again.
Left: December 26, 2025
Returned: September 7, 2026
CoinCash
Began gradually restoring its services after receiving its MiCA licence.
Left: December 18, 2025
Return announced: July 23, 2026
Bitstamp
Trading suspended.
Left: July 9, 2025
Bitvavo
Trading and deposits suspended.
Left: December 26, 2025
MoonPay
Hungary is listed as an unsupported country.
Left: January 2, 2026
Nebeus
New registration not allowed.
Left: January 7, 2026
Revolut
Crypto services ended.
Left: December 18, 2025
Strike
Buy/sell discontinued.
Left: January 9, 2026
SwissBorg
Service discontinued.
Left: September 10, 2025
Uphold
New account creation not available.
Left: August 13, 2025
Kriptomat
Ceased operations by June 30, 2026; unavailable in Hungary.
Left: December 26, 2025
Timeline
Bull Bitcoin confirms availability in Hungary
In an email response to Stop Kriptovalidáció, Bull Bitcoin confirmed that its services are currently available to residents of Hungary, with EUR funding options.
eToro restores crypto services in Hungary
In an email response to Stop Kriptovalidáció, eToro confirmed that it restored crypto services for users in Hungary on September 7. This includes opening and closing positions on underlying cryptoassets, access to the crypto staking programme, and access to the eToro Crypto Wallet.
Act ending crypto validation enters into force
Act XXXVIII of 2026 entered into force today. It repealed the Criminal Code headings on crypto-asset abuse and providing unauthorized crypto-asset exchange services, removed the statutory basis for the validator system, and caused validator licences to cease to have effect.
Act XXXVIII of 2026 promulgated
Act XXXVIII of 2026 on repealing certain statutory provisions concerning crypto-asset exchange services was published in the Hungarian Gazette. The Act repeals the Criminal Code headings on crypto-asset abuse and providing unauthorized crypto-asset exchange services, and removes the statutory basis for the validator system. It enters into force on August 7, 2026; validator licences will then cease to have effect and SZTFH will terminate pending proceedings.
T/305 bill adopted
The National Assembly adopted bill T/305 on repealing certain statutory provisions concerning crypto-asset exchange services. Qualified-majority part: 143 yes, 46 no, 1 abstention (10:38:09). Simple-majority part: 143 yes, 46 no, 1 abstention (10:38:43).
CoinCash begins restoring its services
After receiving its MiCA licence from the National Bank of Hungary, CoinCash began restoring its services gradually. Existing customers will be informed directly about the detailed schedule.
T/305 bill submitted
The Government submitted bill T/305 on repealing certain statutory provisions concerning crypto-asset exchange services. The proposal would repeal the Criminal Code headings on crypto-asset abuse and providing unauthorized crypto-asset exchange services, and would terminate the validator system. Ongoing validator proceedings would be closed, licenses would expire, and related data would have to be deleted within 3 working days.
Draft repeal of crypto validation published
The draft bill repealing certain statutory provisions concerning crypto-asset exchange services was published; comments are due by June 19, 2026. The proposal states that the validation obligation is not aligned with MiCA, and would therefore repeal the related Criminal Code offenses, remove the validator system, and eliminate related SZTFH powers. Transitional rules would terminate ongoing validator proceedings and require related data held by validators and SZTFH to be irreversibly deleted within 3 working days.
Public consultation on repealing crypto regulation
Government spokesperson Anita Köböl announced that the government is putting out for public consultation the repeal of the earlier crypto-asset trading rules, which it considers contrary to MiCA and which included criminal-law sanctions. The proposal will be published on kormany.hu with a 13-day consultation period. The announcement stated that the new regulatory environment aims for proportionate rules aligned with European standards.
Announcement on ending the criminalization of cryptocurrencies
Prime Minister Péter Magyar published a list of decisions adopted after the government meeting on his social media page. The stated decisions included ending the criminalization of cryptocurrencies. Zoltán Tanács, Minister of Science and Technology, detailed the decision in a separate post. The announcement described the validator gatekeeper system as disproportionate, market-restricting regulation. The government promised more proportionate and predictable regulation while maintaining anti-money-laundering and consumer-protection safeguards.
Kriptomat announces wind-down of its operations
Kriptomat announced that it would cease its crypto-asset services by June 30, 2026. The company cited the withdrawal of its MiCA authorization application, the extended process, and unclear requirements as reasons for the decision.
Second crypto validator registered
The SZTFH registry, modified on May 10, 2026, listed Mikroháló Kft. as an active crypto-asset exchange validation service provider. Alongside Caduceus Zrt., this means two companies hold active validator status in Hungary.
BlockBen listed on Caduceus Zrt. partners page
BlockBen became the second crypto-asset service provider listed on the Caduceus Zrt. partners page. At that point, since the mandatory validation system was introduced, only two service providers had signed a contract with the then-sole licensed validator.
Mi Hazánk: crypto assets are instruments of financial freedom
Mi Hazánk's party director stated in response to our inquiry that the party considers both cash and crypto assets as instruments of financial freedom. They do not support the current law in its present form, consider the criminal sanctions affecting individuals unacceptable, and demand transparent regulation.
Coinbase: cross-border services do not fall within Hungarian law's remit
A Coinbase spokesperson stated in response to our inquiry that, following a thorough internal review and consultation with specialist local Hungarian counsel, the company has determined that its current cross-border services in Hungary do not fall within the new law's remit. Coinbase is continuing to closely monitor the regulatory situation.
TISZA Party election program addresses crypto-asset regulation
The TISZA Party published its election program, which criticizes the current crypto-asset regulation and validator system in a dedicated section. The program promises alignment with the MiCA regulation, elimination of the gatekeeper system, and the creation of a predictable legal environment.
Bitpanda becomes first compliant crypto-asset service provider in Hungary
Bitpanda is the first crypto-asset exchange to become officially compliant in Hungary, having signed a contract with the Caduceus Zrt. validator.
Government responses to written questions: validation details are 'business secrets'
The State Secretary of the Ministry of National Economy gave identical responses to written questions from three opposition parties (DK, Our Homeland, Momentum). The response states that validation details constitute "business secrets", the "special nature" means no abuse of dominant position, and criminal provisions only target intentional abuses. No substantive answer was given regarding moratorium, capacity shortage, competition law, or national security concerns.
European Commission opens infringement procedure against Hungary
The European Commission has opened an infringement procedure against Hungary (INFR(2025)2174), as Act LXVII of 2025 fails to fully comply with MiCA regulation. According to the Commission, the new authorisation regime for 'exchange validation services' with criminal liability is incompatible with MiCA. The Commission noted that the regulation has led crypto-asset service providers to suspend services, prejudicing clients and creating legal uncertainty. Hungary has two months to respond.
Strike services restricted in Hungary
Strike discontinued buy and sell features in Hungary. Only EUR and BTC withdrawals remain available.
Valid Since Block Zero (VSBZ) website launch
VSBZ (vsbz.wikilegia.org) launched as a community knowledge base about crypto-asset validation requirements. The website contains questions, email templates, anonymized regulatory correspondence, and market analyses.
Nebeus stops accepting new Hungarian customers
Nebeus added Hungary to its list of restricted countries. Hungarian users cannot create new accounts on the platform.
MoonPay does not support Hungary
According to MoonPay's official page, Hungary is listed as an unsupported country. The service – including cryptocurrency purchases via card – is not available to Hungarian customers.
Crypto validation becomes mandatory
Application of SZTFH Regulation 10/2025 (X. 27.) begins – 60 days after publication. From this date, all crypto-asset exchange service providers must use an SZTFH-registered crypto validator. Providing services without crypto validation constitutes a criminal offense. In practice, this marks the end of unregulated crypto trading in Hungary.
Bull Bitcoin restricts access in Hungary
Bull Bitcoin is currently unavailable in Hungary.
eToro crypto trading ends in Hungary
Traditional cryptocurrency trading ended at eToro in Hungary. Users could close their positions, after which only crypto CFDs remained available.
Kriptomat trading services suspended in Hungary
Kriptomat temporarily suspended trading services in Hungary. Buy, sell, exchange, KriptoEarn, and Intelligent Portfolios paused, but withdrawals remain available.
Bitvavo trading and deposits suspended in Hungary
Bitvavo suspended trading and deposits for Hungarian customers. Only euro withdrawals and crypto transfers to external wallets remain available. Trade-only assets became unsellable.
First crypto validator licensed
SZTFH licensed and registered the first crypto validator. At that time, a single private company, Caduceus, became responsible for validating all crypto-asset exchanges in Hungary. SZTFH also published guidance on the application of the regulation. The exact content of crypto validation remains undefined.
Revolut cryptocurrency services end in Hungary
Revolut cryptocurrency services ended in Hungary. Crypto assets not sold by the deadline were automatically liquidated.
CoinCash services temporarily suspended
CoinCash temporarily suspended services in Hungary. New exchange orders cannot be placed on the platforms.
Crypto validator regulation published
SZTFH Regulation 10/2025 (X. 27.) on detailed rules for licensing and registration of crypto validator service providers was published. The regulation enters into force on the 3rd day after publication, applicable from the 60th day. The terms crypto validation and validator remain undefined.
SwissBorg no longer supports Hungary
SwissBorg removed Hungary from its list of supported countries. The service is no longer available for new or existing Hungarian customers.
Uphold stops accepting new Hungarian customers
Uphold added Hungary to its list of countries where new accounts cannot be opened. Existing customers may continue using the service with limited access.
Bitstamp suspends crypto trading in Hungary
Bitstamp suspended buying and selling of crypto assets for Hungarian customers. Deposits, withdrawals, staking, and lending temporarily remained available.
"Cryptocurrency is Not a Crime!" petition launched
A civil petition was launched to the Parliament requesting a review of cryptocurrency regulation. The petition argues the law violates principles of legal certainty and proportionality, makes the Hungarian crypto sector impossible, and introduces disproportionately strict sanctions exceeding EU standards.
Revolut cryptocurrency restrictions begin
Revolut notified Hungarian customers about partial suspension of cryptocurrency services. Buy orders, staking initiation, and deposits were unavailable.
Act LXVII of 2025 enters into force
The law entered into force. The implementing regulation for crypto-asset exchange validation services from SZTFH did not exist at this time. According to Section 259 of the law, the validation requirement applies from the 60th day after the SZTFH presidential decree enters into force.
T/11922 bill adopted
The National Assembly adopted the bill at an extraordinary session without any amendment defining what validation means. Qualified majority part: 162 yes, 94 no (14:39:54). Simple majority part: 162 yes, 94 no (14:40:29).
T/11922/13 unified proposal submitted
The Legislation Committee submitted the unified proposal containing overreaching amendments. The document contains provisions on crypto-asset exchange validation services and the criminal offense of crypto-asset abuse for the first time. The law does not define what validation means.
T/11922 bill submitted
The Government submitted a bill on the amendment of certain laws to improve Hungary's competitiveness. Regulations on crypto-asset exchange validation services are not yet included in this version.