Hungary to Allow Banks to Provide Crypto Services: Draft Law

Hungary plans to allow banks, investment funds and asset managers to provide cryptocurrency-market services, according to a draft legislation.

• Regulation on crypto services is part of effort to adopt relevant EU legislation, according to Economy Ministry draft law
• Central bank to be in charge of regulating crypto services in Hungary
• Regulation planned to take effect on June 30

To contact the reporter on this story:
Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editors responsible for this story:
Chad Thomas at cthomas16@bloomberg.net

Piotr Bujnicki

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