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Hungary repeals crypto validator requirement after MiCA license approval
The parliament voted to remove a transaction-level validation step introduced in 2024 that took effect on July 1, 2025.
Hungary has repealed a domestic crypto validator requirement that mandated third-party approval for certain crypto conversions, easing a compliance step after a first Markets in Crypto-Assets, or MiCA, license was granted. CoinCash received authorization to provide digital asset services under MiCA, according to Cointelegraph.
Ado.hu reported that Hungary’s parliament removed the rule through a vote, eliminating the requirement for a licensed validator to verify details such as the origin of crypto assets, wallet ownership, and customer information before issuing a compliance declaration. Finance Minister Kármán András said the earlier approach disrupted Hungary’s crypto market and led some providers to stop offering services in the country.
The validation requirement was introduced via Hungary’s 2024 crypto assets law and took effect on July 1, 2025. Cointelegraph said it operated alongside MiCA, adding another transaction-level approval step rather than replacing broader licensing and compliance obligations.
Cointelegraph also noted that Hungary set a shortened MiCA transition period for crypto asset service providers, requiring compliance by July 1, 2025, instead of the EU maximum deadline of July 1, 2026. The stricter regulatory environment prompted some platforms to suspend services in Hungary, including Budapest-based CoinCash, which paused operations in December 2025 while seeking authorization.