Foreign media: A Hungarian opposition leader has won the election and may overturn the previously strict crypto regulatory policies.

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ME News report, April 13 (UTC+8): In Hungary, the pro-EU political party Youth Alliance led by opposition leader Péter Magyar won the election, ending Viktor Orbán’s 16 years in power, which could overturn Hungary’s previously implemented strict crypto regulatory policies.

During Orbán’s time in office, Hungary enforced a strict “verification” system that required exchanges to obtain special certification and imposed criminal penalties for violations. These measures are widely believed to have gone beyond the coordinated scope of the EU’s MiCA framework, and the European Commission has filed an infringement lawsuit against Hungary over this.

The new government led by Magyar is expected to remove these additional restrictions, resolve disputes with the EU, and restore regulatory clarity. Platforms such as Revolut, which paused Hungarian crypto services during the 2025 regulatory crackdown, may re-enter the market if obstacles are removed. (Source: PANews)

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