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Péter Magyar wins and Hungary discusses adjusting crypto laws after 2025

Péter Magyar
Péter Magyar - Istvan Csak/ Shutterstock.com

The party Tisza, led by Péter Magyar, won a majority in the Hungarian parliament in the elections held on April 12, 2026. The victory ends 16 years of government by Prime Minister Viktor Orbán. The result opens space for possible revisions in national policies, including the rules applied to the cryptocurrency market. Até At the moment, there are no formal legislative proposals presented by the new majority group.

The previous political scenario adopted restrictive measures in the digital asset sector. In July 2025, legislation came into force that created new criminal offenses related to the use of cryptocurrencies, such as crypto abuse and unauthorized exchange operations. Penalties can reach two years in prison in specific cases. From December 2025, transactions between cryptocurrencies or conversions to fiat currency will require validation certificates issued by a regulatory body.

Victory changes political balance in the country

Tisza won around 137 to 138 seats in the 199-seat parliament, which guarantees a majority and even a supermajority in some preliminary calculations. Péter Magyar, who leads the center-right party aligned with União Europeia, promised a peaceful and smooth transition of power. Viktor Orbán He acknowledged defeat and congratulated his opponent.

Voter participation was high, with records above 79% in partial counts. The result represents the end of a long period of dominance by the same political force. Analistas note that the new parliament may prioritize greater harmonization with European standards in several areas.

Cryptocurrencies
Cryptocurrencies – Joseph Christanto/shutterstock.com

Previous regulation imposed strict controls

The 2025 legislation established a mandatory validation system for cryptocurrency exchanges. The mechanism, managed by the authority known as SARA, required prior certificates to validate operations. In practice, this has created additional barriers for platforms and transactions.

International companies reacted to the new standard. Fintech Revolut stopped cryptocurrency purchase, deposit and staking services for Hungarian customers in 2025, with no set date for resumption at that time. Outras Operators also reduced or suspended activities in the country.

  • Cryptocurrency exchange operations required certificate of compliance
  • Conversions to fiat currency went through the same validation process
  • New penal figures were created to curb unauthorized activities
  • Main focus was on large-scale operations and unlicensed platforms
  • Individual users holding assets were not the central target of the measures

Commission Europeia questions compatibility with MiCA

The European MiCA regulation seeks to harmonize rules for cryptoassets across the block. Hungria faced an infringement process initiated by Comissão Europeia. The main argument points out that the national validation system creates extra barriers incompatible with the common framework.

The new government, more aligned with União Europeia, can facilitate the resolution of this impasse. Ajustes Administrative or legislative changes would be needed to align with local regulations. However, any change requires coordination between institutions and compliance with formal steps.

Reversal of current rules faces obstacles

Changing the 2025 legislation would require reviewing the criminal types and the certificate system. The process can last for months, even with a parliamentary majority. Especialistas highlight that the transition involves both legal and operational aspects for the market.

So far, no concrete actions have been announced by Tisza regarding cryptocurrencies. The initial focus should be on forming the government and setting priorities. The debate over the role of Hungria in the digital asset sector within Europa tends to gain momentum in the coming months.

Market follows signs of possible easing

The opposition’s victory creates conditions for reviewing the regulatory environment. Plataformas and investors watch the events unfold. Qualquer Change will depend on institutional decisions and the pace of progress in the new parliament.

The country continues to operate under the regime implemented in 2025. Usuários and companies await clearer definitions about the future of the rules. Alignment with MiCA remains a central point in discussions.

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