Crypto withdrawals reinstated in Hungary: what you need to know about Revolut’s latest update
Cryptocurrency withdrawals have resumed for Revolut customers in Hungary after a brief suspension earlier in July 2025, marking a significant step amid a turbulent regulatory environment. Earlier this month, Revolut temporarily halted all crypto services in Hungary, including purchases, staking, and deposits, citing new domestic laws that made continuing these services impossible at that time.
The suspension came as Hungary implemented one of the strictest crypto regulatory frameworks globally, effective 1 July 2025. The new laws criminalize unauthorised crypto trading and exchange services, imposing prison sentences of up to five years for individuals and even harsher penalties for service providers. These regulations have created widespread confusion and forced many fintech companies to suspend or withdraw crypto services from the Hungarian market.
Details – Revolut suspends certain services immediately in Hungary: here’s why
Despite this crackdown, Revolut has now adapted to the regulatory requirements and restored the ability for Hungarian users to withdraw their cryptocurrencies. Several users have reported receiving push notifications confirming that crypto withdrawals are available again, although Revolut has not yet officially detailed the full scope or timeline of the service restoration.
The key changes and context include:
Hungary’s legislation criminalises unlicensed crypto trading and exchange services, with penalties ranging from two to five years in prison depending on transaction size, and up to eight years for operators of unauthorised platforms.
Revolut’s temporary suspension: In response, Revolut froze crypto holdings and suspended all crypto-related activities for Hungarian customers starting in early July, while continuing other banking services unaffected.
Revolut is working to secure the necessary licenses from the Hungarian National Bank, which now requires separate authorization beyond the EU-wide MiCA framework, complicating compliance for crypto service providers.
Following adjustments to meet Hungarian rules, Revolut has reenabled crypto withdrawals, allowing users to access their assets once again, though purchases and other crypto services remain limited or suspended for now.
Future availability
This episode highlights the challenges faced by crypto platforms operating in Hungary amid a rapidly evolving and highly restrictive regulatory landscape. While withdrawals are now possible, the future availability of full crypto services remains uncertain as companies navigate compliance with Hungary’s stringent legal framework.
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