Hungary will implement new Tài sản tiền điện tử legislation starting July 1, prohibiting unauthorized giao dịch tài sản kỹ thuật số. Individuals using unlicensed mã hóa trading services will face up to 2 years in prison, with transactions exceeding 50 million forint (approximately 140,000 USD) carrying a 3-year sentence, and those over 500 million forint could face 5 years. Unlicensed service providers could be sentenced to up to 8 years. Revolut announced the suspension of its mã hóa services in Hungary. Local media report that about 500,000 Hungarians have previously purchased Tài sản tiền điện tử with legitimate income, and regulatory guidelines have yet to be issued. (Forbes)
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Hungary will implement new Tài sản tiền điện tử legislation starting July 1, prohibiting unauthorized giao dịch tài sản kỹ thuật số. Individuals using unlicensed mã hóa trading services will face up to 2 years in prison, with transactions exceeding 50 million forint (approximately 140,000 USD) carrying a 3-year sentence, and those over 500 million forint could face 5 years. Unlicensed service providers could be sentenced to up to 8 years. Revolut announced the suspension of its mã hóa services in Hungary. Local media report that about 500,000 Hungarians have previously purchased Tài sản tiền điện tử with legitimate income, and regulatory guidelines have yet to be issued. (Forbes)