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Green Light for BTC from the Country Calling for Banning Bitcoin and Cryptocurrencies!

01.03.2024

Hungary plans to allow banks, investment funds and asset managers to offer Bitcoin and cryptocurrency services, Bloomberg Law reports.

In the prepared bill, it was stated that the Hungarian government will allow banks to offer BTC and cryptocurrency services.

According to the draft law prepared by the Ministry of Economy, the regulation on cryptocurrency services was prepared as part of the effort to adopt the relevant EU legislation.

The central bank will be responsible for regulating crypto services in Hungary.

If the bill becomes law, the crypto regulation in question is planned to come into force on June 30.

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*This is not investment advice.

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01.03.2024
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