Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other cryptocurrencies do not qualify as legal tender. However, the country is purportedly working actively on a regulatory framework to addressRead MoreThe post Hungary Does Not Consider Cryptocurrency Legal Tender Yet appeared first on Bitcoinist.com.
