Hungary will implement new cryptocurrency legislation starting from July 1st, prohibiting unauthorized trading of digital assets. Individuals using unauthorized encrypted trading services will face up to 2 years in prison, with a sentence of 3 years for transactions exceeding 50 million forints (approximately $140000) and 5 years for transactions exceeding 500 million forints. Unlicensed service providers can face up to 8 years in prison. Revolut announced the suspension of its encryption services in Hungary. Local media reported that about 500000 Hungarians had purchased cryptocurrency with legal income, and regulatory details have not yet been issued. （Forbes） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45549