Hungary Repeals Crypto Validator Rule, Clears Way for CoinCash Return

After nearly two years of stringent cryptocurrency controls, Hungary has repealed its rule requiring third-party validators for certain crypto transactions. The move aims to revive the domestic digital asset sector and pave the way for CoinCash, a Budapest-based crypto company, to return under the European Union's unified regulatory framework.

The Hungarian parliament voted to repeal the rule, which had been in place since July 2025. This means that companies no longer need to obtain mandatory approval from a licensed third-party validator for certain crypto conversions.

CoinCash, operated by Tiwala Solutions, was one of several companies affected by the rule. It voluntarily paused operations in December 2025 while seeking authorization under MiCA. The National Bank of Hungary (MNB) granted CoinCash a license on July 20, making it the first Hungarian company authorized directly by the central bank under the EU framework.

The policy shift eliminates the transaction-level approval process that operated on top of the European Union's Markets in Crypto-Assets (MiCA) regulation. However, crypto companies must still comply with MiCA and the rules enforced by the National Bank of Hungary (MNB).