Revolut Resumes Staking Services in Hungary After Crypto Suspension
Highlights:
- Revolut has resumed staking in Hungary after suspending all crypto services due to strict new national laws.
- Users can now stake tokens like Ethereum and Solana, but cannot buy, sell, or deposit crypto assets.
- Revolut is seeking MiCA approval to restore full crypto services while maintaining limited access in Hungary.
Revolut has resumed staking services in Hungary after halting all crypto functions earlier this month. The move came in response to Hungary’s new crypto law, which took effect on July 1. The legislation added criminal liability to both individuals and businesses that lacked a local permit. Citizens can receive a prison term of up to five years, and companies can be sentenced to up to eight years, depending on the value of transactions. These rules apply even to firms that already hold licenses in other European Union countries.
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NEW🇭🇺: Revolut resumes crypto staking in Hungary after legal review! Trading still paused, but $ETH, $SOL & $ADA staking is back. A bold move under EU’s strictest crypto law. #Revolut #Crypto #Hungary pic.twitter.com/fMEgr2ALUu
— FinanceFeeds (@FXFinanceFeeds) July 28, 2025
In response to the introduction of the law, Revolut halted access to any crypto-related functions on the platform by Hungarian users. These comprised token purchases, sales, deposits, withdrawals, and staking. The company was quick to ensure that all was in line with the law in the country. It initiated a legal study of how it could start up without defaulting against any provision of the new law. The review concentrated on sectors that were not defined separately as exchange or trading activities.
By mid-July, Revolut allowed users to access their funds again through withdrawals. However, it continued to block access to other services.
Staking Returns as Revolut Navigates Legal Boundaries
Revolut chose to reinstate staking services to its Hungarian customers after establishing that such activity is not subject to restriction under the newly enacted law. Staking enables users to commit verified tokens and assist in verifying block asset transactions to earn rewards. This functionality is not tied to selling, exchanging, or depositing cryptocurrencies. As a result, the company considered it legally safe to offer within the country’s current legal framework.
Users in Hungary can now stake proof-of-stake tokens such as Ethereum, Solana, and Cardano directly through the Revolut app. They can earn rewards and withdraw them without facing any penalties or limits. However, other features remain disabled. Users still cannot purchase new tokens, receive cryptocurrencies, or make deposits into their crypto accounts. The company also blocks new users from enabling crypto features.
So far, Hungarian authorities have not released any statements on Revolut’s move to restore staking. Their silence suggests that the company’s interpretation of the law, which became effective July 1, has not raised any immediate objections.
Hungary has enacted strict new cryptocurrency laws effective July 1, criminalizing “unauthorized” crypto trading with penalties of up to 5 years in prison for individuals and 8 years for service providers. Revolut has suspended crypto services in Hungary. The sweeping law,…
— Wu Blockchain (@WuBlockchain) July 14, 2025
Revolut Resumes Staking Services While Awaiting MiCA Approval
Revolut is working toward being approved under the Markets in Crypto-Assets framework. The company is using its European division to seek compliance with these broader rules. Once it achieves MiCA licensing, the firm expects to bring back more services across member states.
Revolut recently secured a payment license in India and has plans to enter the Mexican market. The company is also pursuing banking permissions in ten other countries. In addition, the company is exploring the idea of launching its own stablecoin. It reported $4.1 billion in annual revenue last year and maintains a valuation of $45 billion. In Hungary, it continues to operate under restricted conditions until full compliance becomes possible.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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