Revolut will discontinue all crypto services for customers in Hungary due to changes in the regulatory environment. The decision comes just days after the provider restored a key feature that allowed users to once again sell their crypto holdings, frozen for five months.

Revolut, one of the world’s most popular cashless payment apps, confirmed that it will shut down its crypto operations in Hungary. According to the company, the move is necessary to maintain compliance and meet local regulatory requirements.

It is a paradoxical development, as Revolut Digital Assets Europe Ltd. recently secured authorization from the Cyprus Securities and Exchange Commission (CySEC) under MiCA, the EU’s regulatory framework for crypto assets. However, the MiCA authorization did not allow the company to expand in Hungary. Instead, it triggered a complete shutdown for local users.

“We’ve stopped our crypto services in Hungary. To comply with recent changes in Hungarian legislation, we made the difficult decision to stop all crypto services for our customers in Hungary,” Revolut announced on its website.

Revolut added that, thanks to its newly acquired licenses, access will temporarily reopen — but only for users to withdraw or liquidate their remaining crypto assets.

Users face strict deadlines and limited options

Hungarian users must take action by December 18, 2025. Until then, they may sell their existing crypto assets, convert them into fiat currency, or conduct on-chain withdrawals to an external wallet. If users fail to act by the deadline, Revolut will automatically sell their holdings at the prevailing market price, credit the proceeds to their standard account, and permanently close their crypto accounts.

Some functions have already been disabled as Revolut begins winding down its services in Hungary. Users can no longer purchase new crypto assets, earn crypto through “Learn & Earn” courses, or deposit crypto to their accounts, though previously received balances can still be withdrawn.

For users who engaged in staking, Revolut set an earlier deadline. On December 10, 2025, at 15:00 GMT, the company will automatically unstake all locked balances. New staking positions can no longer be initiated. The app will display the estimated release time, but all staking arrangements will conclude by mid-December.

On October 23, Revolut announced that its Cypriot subsidiary had obtained a MiCA license from CySEC, allowing it to operate crypto services in line with EU rules across all 30 EEA countries. Several markets saw crypto trading resume in late October, but Hungary remained excluded, pointing to unresolved domestic regulatory issues.

The breakthrough for Hungarian users came on December 6, when Revolut quietly reactivated the option to sell previously held tokens. Withdrawals to external wallets also remain available. However, purchasing new crypto remains prohibited — a sign, experts say, that not all regulatory hurdles have been cleared.

“You don't need to take any action. We'll be in touch as soon as we have any updates, and we're working hard to resume services as soon as possible. We apologize for any inconvenience this may cause,” Revolut concluded.

Sources:

https://bbj.hu/business/tech/fintech/revolut-to-withdraw-crypto-services-from-hungary/

https://help.revolut.com/en-HU/business/help/managing-my-business/cryptocurrencies/question-crypto-hungary-pausing-services-business/

https://dailynewshungary.com/revolut-key-feature-app-hungary/