Hungary moves to ease cryptocurrency regulations

Hungary's new Minister of Science and Technology, Zoltán Tanács, has announced plans to repeal the previous government's cryptocurrency regulations. According to Crypto Briefing, the Hungarian government intends to halt criminal penalties for unapproved crypto services, ease numerous regulations, and align its rules with the European Union's Markets in Crypto-Assets (MiCA) framework to enhance market competitiveness. The move follows a landslide victory by the opposition Tisza party over the incumbent Fidesz party in April's election.