The Hungarian Ministry of Economy has proposed a draft law allowing banks to provide encryption services. If approved, it will take effect on June 30

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Cointime2024/03/02 07:02

By:Cointime

Hungary is promoting a legislative proposal, which was proposed by the Hungarian Ministry of Economy, to establish a digital asset regulatory framework with the Hungarian central bank as the main regulatory agency and support banks, investment funds, and asset management The company can provide Bitcoin and other cryptocurrency services. If this bill is passed, it will be a significant step forward in allowing traditional financial institutions to incorporate encryption services. Once the bill is approved, the relevant laws are expected to take effect on June 30.

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