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Hungary Shocks Markets: Crypto Trading Now a Crime – Short-Term Contraction Inevitable
Hungary Shocks Markets: Crypto Trading Now a Crime – Short-Term Contraction Inevitable
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Hungary just dropped a regulatory bomb—slapping crypto trading into its criminal code. Traders brace for impact as liquidity threatens to evaporate overnight.
The move echoes growing global tension between innovation and control, with Budapest choosing the latter. Market makers won’t stick around to argue legality when jail time’s on the table.
Short-term pain? Guaranteed. Long-term implications? Even the EU’s bureaucrats are sweating this precedent. Meanwhile, Bitcoin shrugs—another day, another government proving decentralization’s point.
Bonus jab: Traders fleeing to ‘safer’ fiat? Good luck with that inflation hedge.
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