In a significant development for Hungarian crypto users, Revolut has officially announced the temporary suspension of its cryptocurrency services in Hungary, effective immediately. This move comes as a direct response to the recent amendment to Hungary’s Criminal Code, adopted on July 1, 2025, which introduces stricter regulations and potential criminal liability surrounding certain virtual asset activities.
Below, we explore what led to this suspension, what it means for Revolut users, and how it could impact the broader crypto landscape in Hungary.
Background: Revolut’s Role in Crypto Adoption
Revolut has played a key role in democratizing access to crypto investments across Europe. Since 2017, the platform has allowed users to buy, hold, and sell popular digital assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) directly within their app.
In Hungary, Revolut’s easy-to-use interface and integration with standard banking functions helped popularize cryptocurrency as an alternative investment.
By 2024, thousands of Hungarian users were actively trading crypto through the platform.
What Changed: The July 1 Criminal Code Amendment
On July 1, 2025, the Hungarian Parliament passed a Criminal Code amendment that significantly redefines the treatment of cryptocurrencies and related services.
According to the new provisions:
- Virtual asset service providers must implement stricter anti-money laundering (AML) controls and verify all counterparties involved in crypto transactions.
- Companies facilitating crypto trading may bear criminal liability if they fail to report suspicious transactions or do not meet enhanced compliance requirements.
- Penalties for non-compliance include substantial fines and even imprisonment in severe cases.
This legal uncertainty created serious operational risks for Revolut, which decided it could not continue offering crypto services without clarity on how the new rules would be enforced.
What Does This Mean for Revolut Users?
If you hold crypto assets in your Revolut account, here are some essential points to know:
| Area | Impact on Users |
|---|---|
| Crypto Holdings | Existing balances remain visible in the app but trading and new purchases are suspended. |
| Withdrawals | You can still convert your crypto to fiat and withdraw funds. |
| Recurring Purchases | All scheduled purchases have been automatically canceled. |
| Future Services | Revolut will monitor regulatory developments and may reinstate crypto features if feasible. |
This suspension is not a permanent termination but an indefinite pause until legal clarity improves.
Why Revolut Suspended Services Preemptively
Revolut emphasized that their decision was driven by risk management and compliance priorities rather than any inherent issue with crypto itself.
Three main factors influenced the move:
- Ambiguity – The law’s language regarding liability is broad and leaves room for interpretation.
- Penalties – The potential legal consequences are severe enough to warrant caution.
- Regulatory Precedent – Similar scenarios have played out in other EU countries when sudden regulatory changes forced providers to pause services temporarily.
Broader Impact on Hungary’s Crypto Ecosystem
Revolut is not the only platform grappling with the new law. Other fintech companies and crypto exchanges are also re-evaluating their operations in Hungary.
Potential consequences include:
- Reduced consumer access to regulated crypto services, pushing some users to riskier unregulated platforms.
- Decreased adoption of crypto assets among retail investors.
- A possible slowdown in crypto innovation and education, as companies wait for clearer guidelines.
What Comes Next?
Revolut has stated it will work closely with Hungarian authorities and legal advisors to better understand the new requirements and assess the feasibility of resuming crypto operations.
Until then, users should:
- Monitor their accounts for any updates or additional changes.
- Consider alternative platforms if they wish to continue active crypto trading.
- Stay informed about evolving regulations to avoid compliance risks.
Need a professional website to grow your business across the EU?
👉 Rakuzan.eu provides digital business solutions tailored for entrepreneurs — website development, optimization, and more.
And if you’re launching online, make sure your hosting is fast and reliable.
👉 Use Hostinger to get started quickly and affordably.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or investment advice. Readers should consult with a licensed professional before making any financial or business decisions.
