[Hungarian Government to Abolish Criminal Penalties for Cryptocurrency Transactions, Reversing Tightened Regulations from Former Prime Minister's Tenure] According to Bloomberg, the Hungarian government will abolish criminal penalties for cryptocurrency transactions, reversing the tightened regulations implemented during former Prime Minister Viktor Orbán's tenure. Last year, Hungary had tightened rules on crypto asset exchanges, requiring crypto-to-fiat and crypto-to-crypto transactions to go through approved verification processes; otherwise, violations could result in imprisonment.