Hungary eliminates mandatory third-party checks for crypto transactions after granting CoinCash the first MiCA authorization in the EU.
Hungary’s parliament voted to remove mandatory third-party validation for crypto conversions, reversing a 2024 rule that took effect July 1, 2025. The change follows CoinCash receiving the first EU Markets in Crypto-Assets (MiCA) license, allowing it to resume digital asset services.
The validation requirement, introduced under Hungary’s 2024 crypto law, created an additional approval step for certain transactions. Finance Minister Kármán András said the rule disrupted the market, leading some providers to exit Hungary. Broader MiCA compliance and licensing rules remain in place.
The move signals a shift toward regulatory alignment with EU standards while addressing industry concerns over operational hurdles. No immediate market reaction was reported.