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.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
