Hungary Scraps Crypto Validator Rule Amid EU Compliance Shift

Hungary has repealed its crypto transaction validator rule after lawmakers found it conflicted with European Union law. The repeal removes mandatory third-party approval for certain conversions, allowing renewed services under the MiCA framework.

The validator system began on July 1, 2025, following amendments introduced through Hungary's crypto assets law. Licensed validators examined asset origins, wallet ownership, customer identities, and transaction records before issuing compliance declarations.

CoinCash now plans a gradual market return after securing direct authorization from the National Bank of Hungary under MiCA. The company suspended services voluntarily in December 2025 while pursuing authorization.