Viktor Orbán’s 16-year term in Hungary ended on April 12, 2026, when the pro-European opposition Tisza party led by Peter Magyar obtained a decisive parliamentary majority. This victory paves the way for reversing one of the most aggressive national crackdowns on digital currencies in the European Union.
The political transformation has been confirmed, but the organizational decline has not yet been confirmed. This distinction is fundamental, and here we will analyze the gap between these two facts and what they mean for traders, operators and the implementation map of the MiCA rules in Europe.
This story is forward-looking for good reason: no legislative rollbacks have been announced, no implementation moratoriums have been announced, and no Tiza-led government has yet officially taken power. What there is now is a change in political direction, and in crypto policy this is often the point where real repositioning begins.
- Political event: Peter Magyar’s Tiza party won the parliamentary majority on April 12, 2026, ending the rule of Viktor Orbán, who conceded defeat based on initial projections.
- The fate of crypto restrictions: Hungary’s amended Crypto Law, which came into force on July 1, 2025, criminalizes unauthorized exchange services and imposes a SARA-certified verification system on all crypto transactions.
- Dispute with MiCA: The European Commission has launched an infringement procedure against the Hungarian verification system, alleging its incompatibility with the MiCA common framework; These are measures that the new government can resolve quickly.
- Revolut concerned: The British Fintech company, which serves more than… 2 million Hungarian customerspurchases, storages and deposits of crypto since July 2025 without setting a resumption date.
- What is not verified: No official rollback, legislative timeline, or official position from the Tiza government on crypto regulation has been announced as of publication.
The structure of restrictions in Hungary and what it will take to reverse them
The structure of restrictions in Hungary is more subtle than the headlines suggest. The amendments, which came into force on July 1, 2025, created two new criminal offenses: “misuse of crypto” and “unauthorized crypto exchange services,” punishable by up to two years in prison.
However, legal analysis has clearly shown that the scope of these crimes targets large-scale undocumented exchanges and unlicensed platforms, not node operation, Bitcoin ownership, or personal use of international trading platforms.
The most effective tool was the verification layer; By December 27, 2025, a transaction-level system will require SARA-authorized certificates for any exchange between cryptocurrencies and fiat currencies or between cryptocurrencies and some on local platforms.
This effectively created a state-controlled regulatory gatekeeper, which crypto experts describe as designed to redirect market power toward licensed domestic companies and away from foreign platforms. Concerns about capital flight were not just a hypothesis; Revolut, which serves two million Hungarians, has completely banned purchases and deposits without a return date.
A rollback under the Tiza government would not require a simple vote to repeal, but would require dismantling the SARA verification system, amending or abolishing criminal offense provisions, and coordinating with the European Commission to close active infringement proceedings.
These are three distinct institutional actions (legislative, regulatory and diplomatic) which must take place sequentially. This is possible in a few months under an enthusiastic government, but it is not guaranteed even with positive trends.
Filing a complaint with the EU is the quickest means of change available. The Commission’s actions against the Hungarian verification system are based on a clear argument: the MiCA establishes uniform minimum regulation of crypto-asset services across all member states, and Hungary’s SARA certification system creates a layer of parallel national supervision that the MiCA structure does not allow.
The new government’s signal of alignment with the European Union – which the Tisa party program explicitly adheres to – could resolve these measures through administrative withdrawal rather than comprehensive legislative reform. This would quickly remove the layer of verification, even before criminal sanctions are revised.
Post-Tiza Party wins in Hungary: will the era of crypto restrictions end? appeared first on Cryptonews Arabic.
