Foreign media: Hungarian opposition leader wins election, potentially overturning previous strict encryption regulations.
CoinFeed reported on April 13th that, according to BeInCrypto, the pro-EU Fidesz party, led by Hungarian opposition leader Péter Magyar, won the election, ending Viktor Orbán's 16-year rule. This could potentially overturn Hungary's previously implemented strict cryptocurrency regulatory policies. During Orbán's rule, Hungary implemented a strict "verification" system, requiring exchanges to obtain special certifications and imposing criminal penalties for violations. These measures were widely considered to exceed the harmonization scope of the EU's MiCA framework, and the European Commission has filed an infringement lawsuit against Hungary. Magyar's new government is expected to remove these additional restrictions, resolve the dispute with the EU, and restore regulatory clarity. Platforms such as Revolut, which suspended Hungarian cryptocurrency services during the 2025 regulatory crackdown, may re-enter the market if the obstacles are removed.