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Revolut suspends certain services immediately in Hungary: here’s why
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In a sudden move, Revolut has temporarily suspended all crypto-related services in Hungary with immediate effect. The announcement, sent to users via email on Friday evening, cites recent changes in Hungarian legislation as the reason for the decision.
What does this mean for users?
According to Revolut’s statement, several key crypto features are no longer available in Hungary:
- Buying new cryptocurrencies is currently disabled
- Staking new assets is no longer possible
- Crypto deposits are being automatically rejected
However, users can still:
- Sell their existing crypto assets within the app
- Transfer certain tokens to external wallets (available for specific assets only)
What’s behind the suspension?
The background to the decision is a new legislative package passed by the Hungarian Parliament on 17 June 2025. Officially called the “Act on Amendments to Certain Laws to Improve Hungary’s Competitiveness”, the bill includes new provisions specifically targeting crypto activities.
The law introduces two new criminal offences into the Hungarian Criminal Code: