Revolut Partially Restores Crypto Services in Hungary After Regulatory Review

London-based fintech Revolut has reactivated cryptocurrency staking and wallet withdrawals for Hungarian users following a temporary suspension. The move comes after Hungary implemented strict new legislation in July that criminalizes unlicensed digital asset transactions.

Hungary's updated regulatory framework now requires national licensing for all crypto services, superseding broader EU registrations. The law carries prison terms for unauthorized activity, prompting Revolut's initial service freeze. While users can now access staking rewards and transfer existing holdings, core functions like new purchases and deposits remain restricted.

The partial restoration reflects Revolut's cautious approach to compliance in evolving regulatory environments. Market observers note such measured responses may become commonplace as jurisdictions worldwide refine their crypto oversight frameworks.