Revolut: full crypto service still to be returned to Hungary

By: Trademagazin Date: 2025. 09. 03. 11:05

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Although Revolut says it is well on its way to fully restoring crypto services in Hungary, the responses to Pénzcentrum’s inquiries suggest that there is no specific deadline or firm license in sight. The fintech company refers to obtaining a license under the MiCA regulation, which its Cypriot subsidiary has applied for, but only partial functions are currently available to Hungarian users.

Revolut confirmed that some crypto functions, such as staking and withdrawals, can be used again in Hungary. However, obtaining a MiCA license is a prerequisite for restoring full services.

The company’s EEA crypto asset provider, Revolut Digital Assets Europe Ltd (RDAEL), has been registered with the Cyprus Securities and Exchange Commission (CySEC) since 2022 and has now submitted its application for a MiCA license to this authority.

Revolut responded to Pénzcentrum’s question: they are working intensively on obtaining the Cyprus license, have made significant progress, and are cooperating closely with CySEC. However, they still could not give a date, nor did they specify a quarterly or semi-annual timeframe for the resumption of full crypto services in Hungary.

Revolut was tight-lipped about the discussions with the SZTFH (Regulated Activities Supervisory Authority). They stated that they are in regular contact with regulators in all markets, including Hungary, but did not disclose details.

Revolut emphasized that obtaining the MiCA license is a key step towards restoring full crypto services in Hungary. According to Hungarian regulations, the activities of crypto asset service providers are licensed by the SZTFH, however, the detailed rules have not yet been published.

For now, domestic customers only have partial access to Revolut’s crypto features, and the deadline for a full return is uncertain.