Many Revolut users still cannot access their crypto funds: here is the latest update
Revolut Digital Assets Europe has officially received its MiCA licence for crypto services from the Cyprus Securities and Exchange Commission. This is a significant milestone for the company, as the new European regulation requires crypto service providers to comply with stricter consumer protection and operational standards. According to Revolut, the change will bring greater protection, transparency and reliability for users – but what does this mean for customers in Hungary?
What is the MiCA licence and why is it important?
MiCA (Markets in Crypto-Assets) is the European Union’s new, unified regulatory framework for the cryptocurrency market. Companies with this licence are required to:
- manage customers’ digital assets in a clear and verifiable way,
- provide transparent information about risks and fees,
- ensure stable and transparent operations.
According to Revolut, after obtaining the licence, it will no longer forward crypto trade orders to third parties, but will execute transactions using its own capital, Portfolio reports. In other words, users will now trade directly with Revolut rather than through an external service provider.
What is changing in Revolut’s system?
The transformation of services will take place gradually and will come fully into effect on 25 November 2025. Revolut states that customers will not need to take any action. The company will also continue to develop its own crypto trading platform, Revolut X, which will operate as an independent and regulated platform.
Revolut also promises that new features and products will be introduced in the coming months as it adapts to the MiCA regulation.
And what about Hungarian users?
Here comes the key point: Hungary still maintains domestic regulations that restrict access to crypto services. Because of this, Revolut users in Hungary cannot freely access their full crypto portfolios, Pénzcentrum reports.
In July 2025, a law came into force that classified unauthorised crypto exchange activities as a criminal offence. This is why Revolut partially suspended its crypto services this summer, later restoring them only in a limited form.
The company says it is in ongoing discussions with Hungarian authorities, however:
“For customers residing in Hungary, the current restrictions on crypto services remain in place. We will notify you as soon as we have new information on when these restrictions may be lifted.”
So, while the MiCA licence is an important step, it does not resolve the situation in Hungary. The solution depends on when Hungary introduces its own licensing rules.
When could the restrictions be lifted?
There is currently no known timeline. In fact, the detailed regulations required for issuing the Hungarian licence have not yet been published, meaning all market participants in Hungary are currently waiting.
Until then, Hungarian users will continue to face limited access and reduced trading options.
Revolut is now ready to provide full crypto services across the EU, but in Hungary, users will need to wait for regulatory progress. The fintech company says it will notify customers immediately when there is a concrete date or development.