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Hungary Cracks Down: 5-Year Prison Threat for Crypto Traders on ‘Unauthorised’ Platforms
Hungary Cracks Down: 5-Year Prison Threat for Crypto Traders on ‘Unauthorised’ Platforms
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Hungary just dropped a regulatory hammer—trading crypto on unapproved exchanges now carries a 5-year prison sentence. Talk about a hostile takeover.
Why the iron fist? Budapest’s move mirrors global crypto clampdowns, but with a punitive twist that’ll make traders think twice before bypassing KYC.
The fine print: No exemptions for retail investors. Whether you’re swapping memecoins or Bitcoin, using off-grid platforms now risks hard time. So much for ‘decentralization’ when jail time’s on the table.
Silver lining? Maybe this’ll finally kill the ‘regulation kills innovation’ talking point—after all, nothing innovates like survival instinct. Meanwhile, TradFi bankers are probably toasting with overpriced champagne.
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