Hungary Transposes EU Rules on Markets in Crypto-assets
Image by Shutterstock.com
Hungarian MPs approved legislation transposing European Union regulations and directives on markets in crypto-assets into national law on Wednesday, according to a report by state news wire MTI.
Lawmakers approved the legislation with a vote of 146 for, five against, and 30 abstentions.
The legislation classifies crypto-assets into three types: crypto-assets that aim to stabilize their value by referencing only one official currency, defined as "e-money tokens"; crypto-assets other than e-money tokens whose value is backed by assets; and crypto-assets other than e-money tokens and asset-referenced tokens.
The legislation mandates the National Bank of Hungary to regulate the crypto-assets market.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Inspiring Women at the Focus of Gourmet Fest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
