Hungary’s New Crypto Law Imposes Prison Time for Unauthorized Trading Activities

Hungary has implemented stringent new cryptocurrency regulations. The updated law imposes severe legal consequences for individuals involved in the unauthorized exchange of crypto-assets and those operating crypto exchange services without proper validation or authorization. This includes prison sentences of up to five years for individuals and eight years for service providers. However, there are concerns about its practical implementation as a detailed compliance framework has yet to be released source: https://beincrypto.com/hungary-crypto-regulations/