Hungary and Japan Decriminalize Crypto Trading on Same Day

On June 11, 2026, two significant events occurred in the cryptocurrency space. While Bitcoin was trading below $65,000, Hungary and Japan simultaneously chose to decriminalize crypto trading.

Hungary's reversal was particularly notable. In 2025, Viktor Orban's government introduced harsh penalties for crypto traders, with five-year prison sentences and eight-year terms for service providers. This move led to the imprisonment of 500,000 Hungarians and forced businesses out of the country. However, new leadership took over and reversed this policy, stating 'We were WRONG.'

Japan's move is considered historic. The lower house passed the FIEA amendment, classifying crypto as a financial instrument and reducing taxes from 55% to 20%. This change will allow institutions to participate in the market, with SBI and Nomura building exchange-traded products (ETPs). Normal brokerages can now offer crypto services to Japan's 130 million citizens.

These developments demonstrate that suppression of cryptocurrency does not work. The global scoreboard now stands at Suppression: 0 wins; Freedom: 2 countries in one day. While short-term price fluctuations may occur, the infrastructure for global adoption is strengthening every day. Regulations are key to the next bull run, as seen with Japan's legislation and Hungary's liberalization.