Hungary is preparing to overhaul its approach to cryptocurrency regulation, signaling a significant departure from the policies of the previous government. Zoltán Tanács, the country’s newly appointed Minister of Science and Technology, announced plans to repeal existing criminal penalties for unapproved crypto services and ease a broad range of regulatory restrictions. The initiative aims to align Hungary’s rules with the European Union’s comprehensive Markets in Crypto-Assets (MiCA) framework, a move designed to boost the nation’s competitiveness in the digital asset sector.