TechFlow news, July 28 — According to Financefeeds, digital bank Revolut announced the resumption of cryptocurrency staking services in Hungary. The company had previously suspended most of its digital asset services on July 7 due to legal uncertainties stemming from new Hungarian regulations.
Hungary's new law, effective July 1, imposes strict penalties on the use of unlicensed cryptocurrency exchanges, with retail users facing up to five years in prison and service providers up to eight years. After legal review, Revolut determined that staking services do not fall under the legal definition of "cryptocurrency trading activities."
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