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Hungary Drops Tough Crypto Rules After Near-Total Industry Exodus

Guavy AI Editorial Team
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Hungary's parliament has approved legislation to repeal the country's additional national crypto rules.

The move is aimed at making it easier for MiCA-licensed crypto firms to serve Hungarian clients without complying with a separate domestic regime.

CoinCash, which received its MiCA licence on July 20 after a 16-month review process, welcomed the decision.

The company's co-founder and CEO, Attila Mogyorósi, said that they had chosen to meet Europe's toughest regimes head-on rather than move offshore, and this licence represents that choice.

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