Hungary crypto regulation: first MiCA license issued as validation checks fall

Hungary is moving on two fronts to reshape its approach to Hungary crypto regulation — one loosening transaction scrutiny, the other laying the foundation for a licensed, MiCA-compliant industry. Both developments landed within weeks of each other, and together they signal a country recalibrating how it governs digital assets.

Key takeaways

• Hungary’s parliament repealed mandatory third-party validation for certain crypto conversions, removing checks on asset origins, wallet ownership, and customer data.
• The National Bank of Hungary issued the country’s first MiCA license on July 20, 2026, to Tiwala Solutions, the operator behind CoinCash.
• The MiCA authorization covers custody, crypto-to-fiat and crypto-to-crypto exchange, transfers, investment advice, and portfolio management.
• The two changes move in opposite directions on compliance burden — one reduces it, the other formally structures it under EU law.

Hungary repeals mandatory third-party validation for some crypto transactions

Parliament’s vote to scrap mandatory third-party validation for certain crypto conversions is the more immediately disruptive of the two changes. The repeal specifically eliminates requirements that had forced parties to verify asset origins, wallet ownership, and customer information before completing those transactions.

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