Hungary Imposes 2-Year Prison Sentence for Unauthorized Crypto Trading

• According to a document shared by the governmental bodies guiding the Hungarian criminal codes, anyone caught making use of unauthorized crypto platforms for crypto trading would be jailed for two years.
• Revolut In reaction to this, the new law has stopped operations in Hungary with no actual date of bringing back operations.

Hungary has established a new law against the use of cryptocurrency. According to local news, about 500,000 citizens of the country have some sort of connection with crypto, and this new law stands to affect them. According to the details shared by the local news outlet, only those who are authorized can make use of cryptocurrency for trading and other reasons.