Hungary has made a significant shift in its stance on cryptocurrency trading by decriminalizing it. This move comes as Japan is also liberalizing its regulations, making June 11, 2026, a pivotal day for the crypto industry. While Bitcoin was struggling below $65,000 and fears of a downturn were high, two countries chose to embrace crypto freedom.
Japan's lower house passed an amendment to the FIEA, recognizing cryptocurrency as a financial instrument. As a result, the tax rate has been slashed from 55 percent to 20 percent. This move is expected to open up opportunities for institutional investors and make it easier for citizens to access cryptocurrencies through normal brokerages.
Hungary's change in stance is particularly notable, given its recent history of crypto suppression. In 2025, the country had introduced harsh penalties, including five years in prison for traders and eight years for service providers. However, with new leadership, Hungary has reversed course, choosing to liberalize its regulations instead.
This shift underscores a broader trend: while short-term prices may fluctuate, the infrastructure of global adoption is getting stronger every day. As more countries recognize the potential benefits of cryptocurrency, the industry is poised for long-term growth.