The Crypto Staking Services of Digital Bank Revolution are once again available for their customers in Hungary after stopping for a couple of weeks, a company spokesman said to Coindesk on Friday.
The company had stopped most of its cryptographic services for customers in Hungary on July 7 due to a new law that penalized trade on cryptographic platforms without a license, but a spokesman told Coindesk on Friday that Revolution was comfortable bringing back. He had previously resumed the withdrawals, added the spokesman.
After performing a more detailed analysis in relation to their legal position, Revolution can resume them [staking] Services, as only crypto-active exchanges are captured by revised legislation, “said a company spokesman in response to an email request.
Revolution’s Hungary customers can now participate in the rethinking, where participants can verify transactions in the Blockchain network and obtain tokens rewards through their application, and can stop rethinking at any time.
The other encryption services of the company are still in pause, said its spokesman, and added that new cryptographic deposits are currently accepted, but the deposits existing in the application can be sent to another wallet.
Revolution has also been trying to comply with markets in cryptographic asset legislation that requires companies to obtain a license in at least one European Union state to be able to operate in the 27 -nations block. As of June 30, customers cannot open new accounts in the Netherlands, Finland, Hungary, Latvia and Slovenia to meet Mica. Revolution does not have a Mica license yet.
