TechFlow news, July 14 — According to Forbes, Hungary has implemented the world's strictest cryptocurrency regulations, with new rules taking effect on July 1 that could criminalize digital asset trading. Under the new regulations, individuals using unauthorized cryptocurrency exchanges face up to two years in prison, while larger transactions could lead to sentences of up to five years.
Digital bank Revolut has announced an immediate suspension of its cryptocurrency services in Hungary, affecting more than 2 million Hungarian users. Industry experts estimate around 500,000 Hungarian citizens holding cryptocurrencies are now facing legal risks.
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