Hungary Ditches Crypto Validator Rule as CoinCash Returns with EU License

Hungary has repealed its strict crypto transaction control rule after it disrupted local services and forced several providers to suspend operations. The rule required certain transactions to receive approval from a licensed third-party validator, adding an additional layer of oversight on top of the European Union's Markets in Crypto-Assets regulation.

The Finance Minister, Kármán András, said the government removed the requirement after its effect on Hungary's digital asset market became clear. 'Due to the negative and market-shaking regulations so far, many players have terminated their services related to cryptocurrencies in Hungary, but the market is now showing signs of recovery,' he wrote.

The repeal removes the transaction-level approval process, but crypto companies must still comply with MiCA and the rules applied by the National Bank of Hungary. CoinCash, a Budapest-based crypto company that voluntarily paused operations in December 2025 while seeking authorization under MiCA, has already received its license from the National Bank of Hungary.