Following a temporary halt prompted by shifting legal landscapes, Revolut has
partially revived its cryptocurrency services for users residing in Hungary.
The financial technology company, which had previously deactivated all
digital asset functionalities earlier in 2025 due to Hungary’s newly
enacted, stricter regulations, is now enabling customers to move their
deposited cryptocurrencies to external digital wallets. Functionalities tied
to staking, including the oversight of accrued rewards, have also been
reinstated, beginning in mid-July. However, core features such as buying,
selling, and accepting new cryptocurrency deposits remain unavailable.
Revolut attributes these limitations to ongoing preparations aimed at
adhering to the upcoming European Union’s Markets in Crypto Assets (MiCA)
regulation [1]. To further mitigate potential regulatory risks during this
transitionary period, Revolut has also halted the registration of new crypto
accounts in Hungary and four other EU member states – the Netherlands,
Finland, Latvia, and Slovenia [1].
Hungary’s updated regulatory framework, which became effective on July 1st,
stipulates significant penalties for unauthorized activities involving
cryptocurrencies. These penalties include potential imprisonment of up to
five years for individuals and eight years for platform operators. Revolut’s
initial, complete suspension of services, impacting withdrawals, staking,
and trading, was implemented as a precautionary measure to avert potential
legal ramifications under the newly enforced legislation. The current partial
reactivation reflects a carefully considered strategy to strike a balance
between maintaining user loyalty and ensuring regulatory compliance as the
company awaits final licensing decisions under the MiCA framework. Internal
communications from Revolut to its Hungarian clientele emphasized the
company’s dedication to restoring full services “as soon as possible,”
although a precise timeframe has not been disclosed [1].
This selective service restoration underscores the increasing intricacies of
operating within jurisdictions where cryptocurrency regulations are evolving.
While Revolut has prioritized functionalities related to deposit and release
of assets, the continued absence of trading capabilities somewhat limits the
practical utility of the platform for active traders. This transitional phase
highlights the inherent tension between fostering innovation and exercising
regulatory caution within the European market. Analysts suggest that similar
scenarios might unfold in other regions of the EU as member states refine
their respective crypto policies. However, Revolut’s approach demonstrates
how companies can navigate these challenges by implementing phased service
adjustments [2].
Hungarian users are now navigating a hybrid model of cryptocurrency access,
balancing reactivated features alongside persistent limitations. The
inability to engage in trading or deposit new digital assets may incentivize
some users to explore alternative platforms. Nonetheless, Revolut’s
re-enabling of key features such as staking indicates a focused effort to
sustain user engagement. The company’s emphasis on regulatory compliance,
particularly in aligning with MiCA, also reflects wider industry pressures
to adapt to EU-wide standards while simultaneously managing local regulatory
demands.
Source: [1] [Revolut Reboots Crypto Services in Hungary After Legal Freeze]
[https://hungarytoday.hu/revolut-reboots-crypto-services-in-hungary-after-legal-freeze/]
[2] [HRF’s Weekly Financial Freedom Report 82]
[https://hrf.org/latest/hrfs-weekly-financial-freedom-report-82/]