According to Deep Tide TechFlow news on July 14, as reported by Forbes, Hungary has implemented the strictest cryptocurrency regulations in the world. The new regulations took effect on July 1 and may classify digital asset trading as a criminal offense. Under the new regulations, individuals using unauthorized cryptocurrency exchanges could face up to two years in prison, while large transactions may lead to a maximum sentence of five years.



The digital bank Revolut has announced the immediate suspension of its crypto services in Hungary, affecting over 2 million Hungarian users. Industry experts estimate that around 500,000 Hungarian citizens hold crypto assets and are currently facing legal risks.
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