The decision of the U.S. Securities and Exchange Commission (SEC) on January 10 has stirred significant attention, as it granted approval for the listing of certain products based on Bitcoin on the stock exchange. The impact of this decision on the European and American securities markets, and whether similar steps will be taken, depends largely on the details – including the names assigned to cryptocurrency-based products.

Hungarian structured finance transactions rely on a clear and enforceable security framework. The Hungarian Civil Code provides lenders with a comprehensive set of security interests that can be flexibly structured to support complex financing arrangements and to mitigate credit risk in secured lending transactions.