Legal blog

Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services

2026-08-07 | Crypto

Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services

The market of digital finance and crypto-assets is continuously developing, to which domestic legislation must also dynamically adapt. Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services, entering into force on 7 August 2026, constitutes a significant milestone in this doctrinal field.

The focus of the legislation is the phasing out of the previously introduced validation obligation, as well as the termination of the related criminal law and administrative authority proceedings, the purpose of which is to establish uniform regulation and to create the conditions for customers to use services in a safe and transparent manner.

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New Era in Sanctions Compliance: Analysis of Recommendation No. 3/2026 (25 March) of the Central Bank of Hungary

2026-04-14 | Crypto, E-trade

New Era in Sanctions Compliance: Analysis of Recommendation No. 3/2026 (25 March) of the Central Bank of Hungary

The escalation of the global geopolitical situation and the expansion of digital financial solutions have compelled regulatory authorities to respond. On 25 March 2026, the Central Bank of Hungary published its latest Recommendation No. 3/2026, which constitutes a milestone in the field of sanctions screening of fund transfers and crypto-asset transfers. The purpose of the Recommendation is to provide a uniform and stringent framework for the effective implementation of European Union and national restrictive measures.

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What Can Cryptocurrency Traders Expect From the Second Half of 2025?

2025-11-18 | Crypto

What Can Cryptocurrency Traders Expect From the Second Half of 2025?

As of 1 July 2025, the regulation of cryptocurrency investments in Hungary has undergone significant changes.
The amendment came as a surprise even to industry professionals: although it had been known that reforms were planned, no one anticipated the final details of the bill as submitted and subsequently adopted.

In this article, we first present the revised regulatory framework, then provide a brief outlook and outline what investors and traders may expect in light of these changes.

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The Legal Price of ChatGPT: Copyright and GDPR Mazes Behind Artificial Intelligence

2026-09-11
The Legal Price of ChatGPT: Copyright and GDPR Mazes Behind Artificial Intelligence

The revolution of artificial intelligence has forced not only the technology sector but also legislators to take action. Although ChatGPT and similar large language models may appear to users to be simple chat programs, an astonishing amount of data processing takes place in the background. The European Union’s legal framework has highlighted that these models raise serious copyright and data protection challenges, which cause significant headaches for developers.

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Know Your Agent – Who Is Liable When AI Acts on Our Behalf?

2026-09-10
Know Your Agent – Who Is Liable When AI Acts on Our Behalf?

The next stage in the development of AI is no longer simply about artificial intelligence answering questions or making recommendations. So-called AI agents are increasingly capable of acting autonomously on behalf of users: initiating purchases, booking appointments, carrying out financial transactions, or even managing processes across multiple digital systems.

This, however, raises a new question, primarily of a legal nature: how can it be determined whether an AI agent was actually authorised to perform a particular action, and who is liable if it exceeds the limits of its authority?

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Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services

2026-08-07
Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services

The market of digital finance and crypto-assets is continuously developing, to which domestic legislation must also dynamically adapt. Act XXXVIII of 2026 on the Repeal of Certain Statutory Provisions Concerning Crypto-Asset Conversion Services, entering into force on 7 August 2026, constitutes a significant milestone in this doctrinal field.

The focus of the legislation is the phasing out of the previously introduced validation obligation, as well as the termination of the related criminal law and administrative authority proceedings, the purpose of which is to establish uniform regulation and to create the conditions for customers to use services in a safe and transparent manner.

Read more