Hungary Repeals Crypto Transaction Validation Requirements Amid MiCA Licensing Milestone

Hungary is making significant strides in its approach to cryptocurrency regulation. The country has repealed mandatory third-party validation for certain crypto conversions, removing requirements that forced parties to verify asset origins, wallet ownership, and customer information before completing transactions. This move streamlines the process for affected transaction types, reducing friction at the point of exchange.

The repeal targets specific categories of conversions, although the precise categories have not been publicly detailed. The direction of travel is clear: Hungary's parliament has decided that some of those pre-transaction checks were a barrier worth removing.

In another development, the National Bank of Hungary granted the country's first MiCA license to Tiwala Solutions, the operator behind CoinCash, on July 20, 2026. The milestone makes CoinCash the first crypto firm in Hungary to operate under the EU's Markets in Crypto-Assets framework.

The MiCA license covers a wide range of activities, positioning CoinCash as a full-service regulated crypto operator under EU law. The services authorized under the MiCA license include custody services, crypto-to-fiat and crypto-to-crypto exchanges, asset transfers, investment advice, and portfolio management.