Digital banking platform Revolut has reintroduced crypto staking services in Hungary, marking a significant reversal after a brief suspension triggered by new national legislation earlier this month. The move follows a careful legal review, allowing the company to offer staking without violating local compliance standards.
Crypto Services Were Initially Halted
On July 7, Revolut paused most of its crypto services in Hungary in response to a new law that criminalized operations involving unlicensed crypto platforms. The regulatory shift prompted concern across the industry, especially as customers were temporarily unable to access core services like trading and staking.
“The revised law only applies to crypto-asset exchanges,” a Revolut spokesperson explained, “and not to staking services like the ones we offer.”
Staking Returns, But With Limitations
After conducting a detailed legal analysis, Revolut confirmed it is now “comfortable bringing staking back” to Hungarian users. Through staking, customers can verify blockchain transactions and earn token-based rewards, all managed directly within the Revolut app.
Hungarian users can now participate in staking and stop at any time through the platform’s user-friendly interface.
However, it’s important to note that not all services have returned. While staking and withdrawals are now functional, new crypto deposits remain restricted. Customers holding digital assets in their Revolut app may transfer funds to external wallets, but cannot initiate fresh deposits for now.
Revolut Navigates Hungary’s Evolving Crypto Laws
The decision to reinstate staking reflects Revolut’s adaptive legal strategy. By confirming that staking does not fall under the scope of Hungary’s new law, the company is cautiously rebuilding its crypto offering without risking noncompliance.
This development underscores a broader trend in the region: tightening regulations are forcing fintech firms to refine their crypto frameworks in each individual country, rather than applying one-size-fits-all services.
Conclusion
Revolut’s decision to resume crypto staking in Hungary signals cautious optimism for crypto services under new European regulations. While trading and deposits remain paused, staking offers users a way to stay engaged with blockchain networks and earn passive rewards. As legal clarity improves, a full return of Revolut’s crypto features in Hungary may follow.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.