Foreign media: Hungarian opposition leader wins the election, potentially overturning previous strict encryption regulation policies

ME News report: On April 13 (UTC+8), Youth Alliance, a pro-EU political party led by Hungary opposition leader Péter Magyar, won the election, bringing an end to Viktor Orbán’s 16-year rule. This could overturn Hungary’s previously implemented strict cryptocurrency regulatory policies. During Orbán’s time in office, Hungary introduced a strict “verification” system, requiring exchanges to obtain special certification and imposing criminal penalties for violations. These measures are widely viewed as going beyond the coordination scope of the EU MiCA framework, and the European Commission has filed an infringement lawsuit against Hungary over this. The new government led by Magyar is expected to remove these additional restrictions, resolve disputes with the EU, and restore regulatory clarity. Platforms such as Revolut, which paused its Hungarian crypto services during the 2025 regulatory crackdown, may re-enter the market if the obstacles are removed. (Source: PANews)