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Viktor Orbán’s 16 years in Hungary ended on April 12, 2026, when he achieved… Let’s party The opposition and pro-European Union leader Peter Magyar has many MPs. The victory paves the way for a potential reversal of one of the world’s most aggressive digital currency crackdowns in the European Union.
Political change has been confirmed, but organizational decline has not yet been confirmed. This distinction is important, and here we will see the difference between the two principles and what they mean for entrepreneurs, workers, and the map of the implementation of MiCA legislation in Europe.
The story is forward-looking for good reason: no constitutional rollback has been announced, no suspension of the establishment has been announced, and the Tiza-led government has yet to take office. What exists right now is political change, and in crypto politics, this is often the starting point for real reform.
Important points:
- Political event: Peter Magyar’s Tiza party won a majority in the parliament on April 12, 2026, ending the regime of Viktor Orbán, who had accepted defeat based on the original proposal.
- The future of crypto restrictions: Hungary’s revised crypto law, which came into effect on July 1, 2025, banned unauthorized exchange operations and imposed a mandatory SARA verification system for all crypto transactions.
- Against MiCA: The European Commission launched an infringement procedure against Hungary’s verification system, claiming that it does not comply with the standard MiCA procedure; These are ways that the new government can quickly resolve.
- Revolut is affected by: A British Fintech company, which operates more than… 2 million Hungarian customerspurchase, storage and crypto deposits from July 2025 without setting a date for resumption.
- Not confirmed: There is no return of the official policy, timeline, or position of the Tiza government on the crypto laws that were announced on the date of publication.
The structure of the ban in Hungary and what it will take to break it
The structure of the ban in Hungary is more subtle than the headlines suggest. The amendment, which took effect on July 1, 2025, created two new crimes: “crypto misuse” and “unauthorized crypto exchange operations,” punishable by up to two years in prison.
However, legal analysis has clearly shown that the majority of these cases focus on large undocumented exchanges and unlicensed platforms, not running nodes, owning Bitcoin, or using global trading platforms.
The sharpest weapon was the verification layer; By December 27, 2025, the adoption standard will require SARA-approved licenses for any exchange between cryptocurrencies and fiat or between cryptocurrencies and others on local platforms.
This has effectively created a state-run watchdog, which crypto experts say is designed to direct market power to licensed companies and away from outside platforms. Worrying about escaping death was not just a thought; Revolut, which serves millions of Hungarians, has banned purchases and savings without a return date.
Debt settlement under Tiza’s government would not be a single vote to repeal it, but it would require the abolition of the SARA verification process, the modification or elimination of criminal law, and cooperation with the European Commission to close criminal cases.
These are three separate organizational functions (legal, regulatory, and diplomatic) that must flow in tandem. This is possible within months under a fast government, but it is not guaranteed even with good practices.
Breaking EU law is the fastest way to reform there is. The actions of the Committee against the Hungarian certification system are based on a clear principle: MiCA establishes a minimum uniform regulation of crypto-assets services in all member countries, and the SARA certification system of Hungary creates a similar layer of national control that the MiCA system does not allow.
The government’s new European Union sign – which Tisa’s party clearly supports – could end this by removing the bureaucracy rather than changing the law. This can quickly remove the warranty, even before penalties are assessed.
A note Tiza party wins in Hungary: Is the era of crypto bans coming to an end? appeared for the first time Cryptonews Arabic.
