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Revolut Restarts Crypto Staking in Hungary Following Regulatory Review
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After a thorough review of the new local legal frameworks, the platform made the decision to reactivate stacking services for users residing in the European nation. *** Revolut again enabled the stacking crypted in its app for Hungarian users, after analyzing its legal position. The platform still maintains suspended other functions such as deposits and opening accounts in several countries. Compliance with the MiCA legislation in the European U…
Revolut Restarts Crypto Staking in Hungary Following Regulatory Review
Revolut has reinstated its crypto staking services for customers in Hungary following a temporary suspension triggered by new government regulations, Coindesk reported.The digital bank halted most of its cryptocurrency features in Hungary earlier this month due to a law that criminalizes trading on unlicensed crypto platforms.Legal Review Allows Staking Services to Return On July 7, Revolut paused crypto services after Hungary introduced strict …
Revolut Resumes Crypto Staking Services in Hungary Amid Regulatory Adjustments
Digital banking platform Revolut has reinstated its cryptocurrency staking services for users in Hungary after a brief suspension prompted by new local regulations. The pause began on July 7 following a law that criminalized trading on unlicensed crypto platforms. A Revolut spokesperson confirmed to CoinDesk that, after reviewing the legislation, the company determined the new rules apply solely to crypto-asset exchanges, allowing it to safely r…
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