Revolut resumes cryptocurrency staking services in Hungary

BlockBeats News: On July 28th, digital bank Revolut announced the resumption of cryptocurrency staking services in Hungary. Previously, the company suspended most of its digital asset services on July 7th due to the uncertainty of Hungary's new laws. Hungary's new law, which came into effect on July 1st, imposes severe penalties on the use of unlicensed cryptocurrency exchanges, with retail users facing up to 5 years in prison and service providers facing up to 8 years in prison. After legal review, Revolut has determined that pledge services do not fall within the scope of "cryptocurrency trading activities" as defined by the law.