Crypto validation background and documents
Historical background events, parliamentary documents, and sources concerning Hungarian crypto validation, organized by date.
Timeline
Written question to the Minister of National Economy about crypto-asset validation (Dialogue)
Bence Tordai (Dialogue) submitted a written question to Minister of National Economy Márton István Nagy. The question asks about introducing an implementation moratorium, and questions why Hungarian validators are necessary when MiCA regulation already requires centralized exchanges to perform similar checks.
Written question to the Prime Minister about crypto-asset regulation (Momentum)
Ferenc Gelencsér (Momentum) submitted a written question to Prime Minister Viktor Orbán. The question asks about introducing an implementation moratorium until more validation service providers become available and SZTFH publishes practical guidance.
Written question to the Prime Minister about crypto-asset regulation (Mi Hazánk)
István Szabadi (Our Homeland Movement) submitted a written question to Prime Minister Viktor Orbán. The question addresses 5 points about the consequences of crypto-asset regulation, including the possibility of an implementation moratorium, legal uncertainty from the then-existing validator shortage, and exclusion of MiCA-licensed providers.
Written question to the Prime Minister about crypto-asset regulation (DK)
László Varju (DK) submitted a written question to Prime Minister Viktor Orbán. The question examines in 8 points the problems of the validation service provider system, including the possibility of an implementation moratorium, competition law concerns, and national security risks.
Strike announces restriction of Hungarian services
Strike notified customers that starting January 9, 2026, only EUR and BTC withdrawals will be available in Hungary. Buy and sell features will be discontinued.
Kriptomat announces suspension of trading services
Kriptomat announced the temporary suspension of trading services in Hungary from December 26 at 23:00 CET.
Bitvavo announces suspension of services in Hungary
Bitvavo announced the suspension of trading and deposits for Hungarian customers from December 26 (17:00 CET). Trade-only assets must be sold before the deadline.
Caduceus website launch
Caduceus launched its website (caduceus.hu) – just days before the new rules took effect. The website was minimal, lacking EU-compliant privacy and cookie policies as well as detailed service descriptions. Only a login portal, terms of service, and contact information were available.
eToro announces suspension of crypto trading
eToro announced that it will discontinue traditional cryptocurrency buying and selling in Hungary from December 26. Crypto CFDs will remain available.
CoinCash announces suspension of services
CoinCash announced the temporary suspension of services in Hungary from December 18.
Revolut announces complete withdrawal
Revolut announced the complete termination of cryptocurrency services in Hungary. Customers must manage their crypto assets by December 18.
SZTFH Regulation 12/2025 (XI. 28.) published
The regulation on administrative service fees for crypto-asset exchange validation service provider licensing procedures was published. The licensing fee is 620,000 HUF. The regulation enters into force on the 31st day after publication.
Caduceus Zrt. company registration
Caduceus Zrt. was registered in the company registry. Prior to registration, the company was unknown in the crypto industry: it had no presence at local crypto meetups, forums, and no notable track record in the sector.
Caduceus Zrt. founded
Caduceus Private Limited Company was founded with 100 million HUF registered capital. Chairman and majority owner: Bence Marcell Vesszős. Board members: József Kollár and Andrea Hatvani. The leadership has no known cryptocurrency or financial sector experience. The chairman's brother, Gergely Vesszős, is a former employee of NAV's Criminal Directorate who worked on virtual currency regulation.
CoinCash registration suspended
CoinCash suspended new registrations, but existing customers could continue using the web exchange service.
Revolut complete cryptocurrency freeze
Restrictions reached their strictest level: service to existing customers also stopped. No purchases, sales, or transfers were possible.
Act LXVII of 2025 promulgated
The law was published in Magyar Közlöny issue 2025/75 as Act LXVII of 2025 on the amendment of certain laws to improve Hungary's competitiveness.
President of the Republic signed Act LXVII of 2025
The President of the Republic signed the Act on the amendment of certain laws to improve Hungary's competitiveness.
T/11922 adopted law explanatory memorandum published
The explanatory memorandum for the adopted law was published in the Indokolások Tára. Provisions on crypto-assets remained unchanged.
Speaker of the National Assembly signed bill T/11922
The Speaker of the National Assembly signed the bill on the amendment of certain laws to improve Hungary's competitiveness and sent it to the President of the Republic.
T/11922 unified proposal explanatory memorandum published
The explanatory memorandum for the unified proposal details the criminal offense of crypto-asset abuse (Criminal Code Section 408/A) and requirements for crypto-asset exchange validation service providers.
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