After Revolut, which has millions of Hungarian customers, announced it was terminating its crypto services in Hungary, the Hungarian crypto community was hit again. Revolut recently informed its domestic customers by email that it will completely end its cryptocurrency retail services in Hungary on December 18, 2025. For those who did not act on time, the platform made the decision: it practically carried out a forced liquidation.
The decision was based on changes in regulations in Hungary. It is not sufficient for an economic operator to carry out its own identification and anti-money laundering processes. Based on the relevant legislation, you must hand over detailed customer and transaction data to the domestic authorities and the Hungarian National Bank, which in the case of cryptocurrencies also means the source, amount and recipient of the transactions. Exchanging cryptocurrency can only take place if an authorized validator issues a declaration of compliance. This validator verifies the transaction and customer identification. Currently, there is no such thing on the market, so if a service provider wanted to comply, they would not be able to. However, without this change, the change would be a step against the criminal code from January 1, 2026.
The eToro He also did not know what to do with the opaqueness of the regulations
Due to legal uncertainty, eToro recently decided to discontinue its crypto services in Hungary. The online real estate company, which has more than 40 million customers, including many Hungarian customers, recently sent an email to those involved. It states that Hungarian users will no longer be able to buy and sell crypto on the platform from December 26.
Until December 26, anyone can close their crypto positions and have the option of reopening them through a CFD, i.e. a contract for difference transaction. With this, the trader is only speculating on the exchange rate change, he will not have any actual crypto assets in his possession. After December 26, this option will no longer exist, and you will only be able to move supported crypto assets to an eToro crypto wallet. And after the deadline, Hungarian customers will also be excluded from the staking program, it will no longer be possible to earn staking rewards.
As mentioned in the introduction, eToro has also decided to liquidate its crypto trading service in Hungary due to the Hungarian regulatory changes, meaning that after Revolut and CoinCash, another major player is leaving the increasingly hopeless Hungarian market. From now on, Hungarian users will not have many options if they want to use crypto. It will be possible to trade crypto ETP products via licensed exchanges and decentralized options will continue to exist. But in the latter case, it will not be easy to exchange the coins for fiat money. It can be said that the situation in the Hungarian crypto market is becoming less and less ideal.
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