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When people ask “does Hungary use bitcoin“, they\“re typically wondering about the legal status and practical usage of cryptocurrencies in this Central European country. Hungary has shown a growing interest in digital currencies, with bitcoin being the most recognized cryptocurrency among Hungarian users.
The Hungarian government has taken steps to regulate cryptocurrency activities, requiring exchanges to register with authorities. While bitcoin isn\“t considered legal tender in Hungary, it\“s not banned either - residents can legally buy, sell, and hold bitcoin through various platforms.
Several Hungarian businesses now accept bitcoin payments, particularly in Budapest\“s tech and startup scenes. The number of bitcoin ATMs has been increasing in major cities, making it easier for Hungarians to access cryptocurrency services.
Hungarian tax authorities have clarified that bitcoin and other cryptocurrencies are treated as assets for tax purposes. This means capital gains from bitcoin trading are subject to taxation, similar to other investment instruments.
The National Bank of Hungary has expressed caution about cryptocurrencies while acknowledging their potential. Despite regulatory concerns, Hungarian fintech companies continue to develop bitcoin-related services, contributing to the country\“s evolving digital economy. |
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Post time 2025-10-10 12:20:30