This was announced by Anita Kobol, the spokeswoman for the new government. As of July 1, 2025, the country had criminalized the use of unlicensed exchanges and unauthorized transactions involving large sums. Individuals faced prison sentences ranging from 2 to 5 years, depending on the amount involved in the transaction. Service providers could face up to 8 years in prison for operating without a central bank license. The regulations also mandated a special verification process for exchanging fiat for cryptocurrencies and for cryptocurrency-to-cryptocurrency transactions. This compelled several crypto platforms, including Revolut, to exit the Hungarian crypto market. Additionally, the EU began examining these restrictions for compliance with pan-European regulations.