Hungary Repeals Crypto Checks as CoinCash Secures First MiCA License
- Hungary’s parliament has repealed its crypto validation rules as CoinCash received the first MiCA license.
- Strict 2025 validator checks disrupted the market, prompting platforms to pause their operations.
- CoinCash says it will gradually resume operations and expand into other MiCA‑regulated activities.
The Hungarian Parliament has officially voted to abolish the country’s controversial national crypto validator system, removing mandatory third party checks for crypto conversions. The decision follows the National Bank of Hungary (Magyar Nemzeti Bank, or MNB) granting CoinCash the country’s first domestic license under the European Union’s Markets in Crypto Assets (MiCA) framework.
Hungary Repeals Crypto Checks as CoinCash Secures First MiCA License
On July 28, 2026, in a significant policy reversal, Hungary’s parliament passed a bill to repeal the mandator…
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