Revolut Resumes Limited Crypto Features in Hungary as MiCA Compliance Drives Adjustments

Revolut has partially restored cryptocurrency services for Hungarian users following a temporary suspension linked to regulatory changes. The fintech firm, which suspended all crypto features earlier in 2025 due to Hungary’s stringent new legislation, now allows users to transfer deposited digital assets to external wallets and access staking-related functionalities. This includes the ability to manage rewards from staking, a feature reactivated in mid-July. However, key operations such as buying, selling, and receiving new crypto deposits remain blocked, with Revolut citing ongoing compliance preparations for the European Union’s Markets in Crypto Assets (MiCA) regulation [1]. The company also suspended new crypto account registrations in Hungary and four other EU countries (Netherlands, Finland, Latvia, and Slovenia) to mitigate regulatory risk during the transition period [1].

Hungary’s new rules, effective from July 1, impose severe penalties for unauthorized crypto activities, including prison terms of up to five years for individuals and eight years for platform operators. Revolut’s initial full suspension of services—covering withdrawals, staking, and trading—was a precautionary measure to avoid potential legal exposure under the law. The partial reinstatement reflects a calculated approach to balance user retention with regulatory compliance, as the firm awaits final licensing decisions under MiCA. Revolut’s internal communications with Hungarian customers emphasized its commitment to updating services “as soon as possible,” though no exact timeline was provided [1].

The firm’s selective restoration highlights the growing complexity of operating in jurisdictions with evolving crypto frameworks. While Revolut has prioritized deposit and release functions, the absence of trading capabilities limits the practicality of its platform for active users. This transitional phase underscores the tension between innovation and regulatory caution in the European market. Analysts suggest that similar scenarios may emerge in other EU regions as member states refine their crypto policies, though Revolut’s case demonstrates how firms can navigate these challenges through phased service adjustments [2].

Hungarian users now face a hybrid model of crypto access, balancing restored features with lingering restrictions. The inability to trade or deposit new assets may prompt some to seek alternative platforms, yet Revolut’s reactivation of core functionalities like staking signals a strategic effort to maintain user engagement. The company’s emphasis on compliance—particularly in aligning with MiCA—also reflects broader industry pressures to adapt to EU-wide standards while managing localized regulatory demands.

Source: [1] [Revolut Reboots Crypto Services in Hungary After Legal Freeze] [https://hungarytoday.hu/revolut-reboots-crypto-services-in-hungary-after-legal-freeze/] [2] [HRF’s Weekly Financial Freedom Report 82] [https://hrf.org/latest/hrfs-weekly-financial-freedom-report-82/]