Hungary has passed laws that could slap individuals trading crypto using an unauthorized crypto exchange with prison.
Those who use a so-called “unauthorized crypto-asset exchange service” could face up to two years in prison with penalties increasing based on the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-retail-interest-lacking-google-search-btc-all-time-highs” title=”null”>value traded, according to an data-ct-non-breakable=”null” href=”https://njt.hu/jogszabaly/en/2012-100-00-00″ rel=”noopener nofollow” target=”_blank” title=”null”>update to the country’s Criminal Code that came into force on July 1.
The updated laws also target unauthorized data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/markets-in-crypto-assets-regulation-mica” title=”null”>crypto service providers with up to three years in prison, which could increase depending on the value of illicit trades.
Local news outlet Telex…
