⚠️ Important update for Bitcoin users in Hungary and the EU
Revolut has just informed Hungarian users via email that they are temporarily disabling all crypto ↔️ fiat currency conversions in accordance with new Hungarian regulations.
But more importantly:
you currently cannot send your Bitcoin out of Revolut either.
This means your coins are stuck until further notice.
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🔑 This is why we always say:
Not your keys, not your coins.
If you can’t move it — it’s not yours.
If someone else controls it — it’s not yours.
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💡 What can you do?
If your Bitcoin is still on Revolut:
– You’ll need to wait until they re-enable withdrawals.
– You currently can’t use or move your Bitcoin.
If your Bitcoin is on any other exchange that does NOT have a MiCA license:
→ Move it now while you still can.
→ Don’t wait until withdrawals are frozen.
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✅ Recommended Bitcoin wallets (for real self-custody):
📱 Mobile wallets (easy to use):
– BlueWallet → https://bluewallet.io
– Phoenix Wallet → https://phoenix.acinq.co
– Aqua Wallet → https://aqua.net
🧊 Hardware wallets (advanced users):
– Trezor → https://trezor.io
– Coldcard → https://coldcard.com
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🏛 What’s this all about legally?
As of July 1st, Hungary introduced a modification to its Criminal Code (Btk.), stating that crypto-to-fiat conversions must be done only via regulated entities with MiCA (Markets in Crypto Assets) licensing.
However, the Hungarian regulatory authority hasn’t yet been set up to enforce this.
Still, as a law-abiding citizen, I’ve chosen to switch to exchanges with MiCA licenses such as:
– bybit.eu
– bitpanda.com
– coinbase.com
These are fully compliant with EU regulations — no need to wait for MNB approval.
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🧡 This is why Bitcoin matters.
It’s a financial asset that is:
– stateless,
– outside corporate or political control,
– designed with mathematical certainty.
You don’t need permission to own or use it.
But you do need to learn how to custody it yourself.
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🎓 Want to learn more?
Check out the only Bitcoin-only community and conference in Hungary:
🌐 www.bitcoinmiskolc.hu
🇭🇺 huszonegy.world — open, free Hungarian Bitcoin community
#Bitcoin #NotYourKeysNotYourCoins #MiCA #Revolut #Hungary #EUcrypto #BitcoinHungary #SelfCustody #BitcoinMiskolc
