Revolut Resumes Crypto Staking in Hungary After Regulatory Review Clears Legal Ambiguity

Revolut, a digital banking platform, has resumed cryptocurrency staking services in Hungary after a temporary suspension in early July. The decision follows a legal review confirming that staking activities are not classified under Hungary’s newly enacted cryptocurrency regulations, which impose strict penalties on unlicensed exchanges. The law, effective July 1, mandates severe prison sentences for retail users and service providers engaging in unauthorized crypto trading. Revolut determined that staking—a process where users lock assets to validate blockchain transactions—falls outside the scope of regulated “exchange activities,” enabling the service’s reinstatement [1].

The suspension, announced on July 7, was part of a broader compliance review triggered by the new law’s ambiguity. Revolut’s spokesperson noted that the company adjusted its offerings to align with local requirements but did not disclose specific measures taken [2]. The resumption, confirmed on July 27, marks the first major operational update in Hungary since the regulatory shift. The move has been welcomed by Hungarian crypto investors, who now regain access to staking services for assets like Ethereum and Cardano, which generate passive income through network participation [3].

The event highlights the challenges faced by crypto firms navigating evolving regulatory landscapes in Europe. Hungary’s stringent framework has forced several institutions to reassess their operations in the country. Earlier in July, Revolut halted most crypto services in the region, citing compliance risks under the new law [5]. The swift resumption of staking underscores the company’s ability to adapt to regulatory demands while maintaining service continuity. Analysts suggest this could set a precedent for other firms, demonstrating that compliance with localized rules does not necessarily require a complete exit from the market.

Revolut’s strategy reflects broader trends in Europe, where regulatory clarity is increasingly shaping crypto adoption. By reintroducing staking services, the company aims to strengthen its position in Hungary’s digital banking sector, where demand for crypto-related offerings remains resilient despite regulatory hurdles. The decision also aligns with Revolut’s global expansion efforts in regulated markets, with staking and trading services already launched in multiple European countries since 2023.

For investors, the resumption signals Revolut’s commitment to balancing innovation with compliance. The company emphasized “enhanced safeguards” to ensure alignment with Hungarian laws and best practices, reinforcing its role as a bridge between traditional finance and blockchain technology [2]. The event underscores the importance of adaptive strategies in markets with evolving regulatory frameworks. As Hungary’s crypto ecosystem matures, Revolut’s approach may encourage other firms to engage proactively with regulators, fostering a more structured environment for digital asset services.

Source: [1] [title1Digital bank Revolut resumes cryptocurrency staking ...] [url1https://www.bitget.com/news/detail/12560604882733] [2] [title2Revolut Makes Crypto Staking Available in Hungary After ...] [url2https://www.xt.com/zh-CN/blog/post/revolut-makes-crypto-staking-available-in-hungary-after-restricting-services] [3] [title3Revolut resumes crypto staking service for Hungarian ...] [url3https://followin.io/feed/18933158] [5] [title5Bitcoin Treasury-listed company The Smarter Web ...] [url5https://www.bitget.com/news/detail/12560604882742]