Revolut, the UK-based digital banking platform, has resumed its cryptocurrency staking services in Hungary following a legal reassessment of the country’s newly enacted crypto regulations. The move comes after a temporary suspension of crypto-related offerings earlier in July, which affected staking, trading, deposits, and withdrawals for Hungarian users.

The implementation of the new Hungarian law on July 1, 2025, triggered the suspension, which criminalizes unlicensed crypto exchange activity. The law imposes strict penalties, including prison sentences of up to five years for individuals and up to eight years for businesses operating without a valid crypto service provider license. In response, Revolut halted its crypto services in Hungary as a precautionary measure to ensure full legal compliance.

Legal Reassessment Clears the Way for Staking.

After extensive internal legal analysis and consultations with regulatory experts, Revolut determined that crypto staking does not fall under the legal definition of “crypto-asset exchange activity” as outlined in the new Hungarian legislation. This clarification has paved the way for the company to restore staking functionality for its Hungarian users.

Staking, which involves locking up certain cryptocurrencies to support blockchain operations and earn rewards, is increasingly viewed as a distinct financial service that does not require the same licensing as trading or exchange functions. Revolut’s legal interpretation aligns with this view, allowing the firm to resume staking while remaining fully compliant with Hungarian law.

Revolut Takes A Cautious, Compliance-Driven Approach.

Revolut’s decision to restore only a portion of its crypto services reflects a broader strategy to remain compliant while still offering value to customers in regulated jurisdictions. The company has emphasized its intention to fully cooperate with Hungarian authorities and ensure that its operations do not fall afoul of new legal risks.

“We are committed to upholding local regulations while continuing to offer innovative financial products to our users,” a Revolut spokesperson said. “Our decision to reinstate staking is based on a careful review of the legislation, and we will continue to engage with Hungarian regulators to expand services responsibly.”

This approach is consistent with how Revolut has responded to regulatory changes across various European markets, balancing legal compliance with user demand for crypto products.

Hungary’s new regulatory stance underscores the challenges posed by fragmented crypto laws across the European Union. While MiCA aims to create a unified legal framework for crypto-asset services, member states retain the authority to implement additional or stricter rules, especially during the transition period before MiCA’s full enforcement in 2026.

For crypto platforms like Revolut, this means navigating a patchwork of national regulations, each with its own interpretations, compliance requirements, and enforcement mechanisms. Hungary’s aggressive enforcement posture has made it one of the more restrictive crypto environments in Europe, prompting firms to tread cautiously.