The Hungarian Ministry of Economy has proposed a draft law allowing banks to provide cryptocurrency services, which will come into effect on June 30th if approved

Hungary is advancing a legislative proposal put forward by the Hungarian Ministry of Economy to establish a digital asset regulatory framework with the Central Bank of Hungary as the main supervisory authority, and to support banks, investment funds, and asset management companies in providing Bitcoin and other cryptocurrency services. If this bill is passed, it will be a significant step forward in allowing traditional financial institutions to offer crypto services. Once approved, the related laws are expected to take effect on June 30th.