Revolut Resumes Limited Crypto Withdrawals and Staking in Hungary Under New Rules

Revolut has partially reinstated its cryptocurrency services in Hungary, permitting users to withdraw tokens and access staking rewards while suspending new purchases and deposits under the country’s revised regulatory framework. The fintech firm, which paused all crypto operations for Hungarian customers in July 2025, now allows limited functionalities such as staking for over 30 tokens. This move aligns with Hungary’s stringent new crypto law, which took effect on July 1 and imposes criminal penalties—including up to five years’ imprisonment for individuals and eight years for businesses—for unlicensed crypto activities, regardless of a platform’s EU-wide licensing status [1].

The restoration of staking and withdrawal capabilities reflects Revolut’s cautious strategy to balance compliance with user engagement. Users can now transfer assets to external wallets and claim rewards, but buying, selling, or receiving new crypto deposits remains unavailable. “You can now access your staking rewards and withdraw previously held tokens to external wallets. Buying, selling, and receiving new crypto deposits remains unavailable,” Revolut’s Director of Customer Communications stated [1]. This partial resumption highlights the firm’s efforts to navigate regulatory ambiguities while mitigating legal risks in a market where compliance violations carry severe consequences.

Hungary’s regulatory approach has created challenges for Revolut, which operates in 30+ countries and holds a $45 billion valuation. The company is seeking alignment with the EU’s Markets in Crypto-Assets (MiCA) regulation through its European entity but awaits clarity on harmonizing operations with local requirements [1]. The partial service restoration underscores Revolut’s broader strategy of expanding its regulatory footprint, having secured licenses in the UK, Lithuania, and India and launching a standalone crypto platform, Revolut X, in the UK [1].

The Hungarian law has sparked debate, with critics arguing that punitive measures could drive crypto activity underground or deter innovation. Supporters, however, view the rules as essential for consumer protection and regulatory consistency. Revolut’s conditional resumption of services—retaining compliance with local laws—signals a temporary compromise rather than a permanent solution. Until the regulatory environment stabilizes, the firm is likely to maintain a restrained approach in markets with evolving rules, reflecting the broader industry challenge of balancing innovation with oversight [1].

Source: [1] [Revolut Restores Partial Crypto Services in Hungary After Regulatory Pause] [https://cryptonews.com/news/revolut-restores-partial-crypto-services-in-hungary-after-regulatory-pause/]; [2] [Revolut Resumes Limited Crypto Staking in Hungary Amid Regulatory Rules] [https://www.ainvest.com/news/revolut-resumes-limited-crypto-staking-hungary-regulatory-rules-2507/].