A method and terminal for implementing hot-plug of a smart card are disclosed. The method includes: during the process of playing mobile multimedia, a descrambling library sending request information for obtaining a program key to a smart card driving module, which judges whether a smart card is in a plug-in state or a pull-out state after receiving the request information: if in the plug-in state, the smart card driving module forwarding the request information to the smart card, receiving response information returned by the smart card, forwarding the response information to the descrambling library, and meanwhile forwarding the response information to a virtual smart card module to save; if in the pull-out state, the smart card driving module forwarding the request information to the virtual smart card module, which returns the saved response information to the smart card driving module, which forwards the response information to the descrambling library.