Krutika Adani
As of July 1, using or running an unauthorized crypto exchange in Hungary can land you in jail. The move marks a strong shift in crypto regulation across the country.
Trading crypto on unlicensed platforms is now punishable by up to 2 years in prison, with penalties increasing based on the value traded.
Running an unauthorized crypto exchange? You could face up to 8 years in prison if the value traded exceeds 500M forints (~$1.46M).