Hungary Streamlines Crypto Rules and Issues First MiCA License to CoinCash
TL;DR
- Regulatory shift: Hungary repealed its crypto validator rule after the requirement disrupted the market and pushed providers to suspend services.
- MiCA authorization: CoinCash secured approval from the National Bank of Hungary, becoming the first local company authorized directly under the EU’s MiCA framework.
- Service resumption: CoinCash paused operations during a lengthy compliance review and now plans to gradually restart services while expanding into additional MiCA-regulated activities.
Hungary is reshaping its crypto regulatory landscape after rolling back a strict validator requirement that had disrupted local activity and pushed several providers out of the market. The shift comes as CoinCash prepares to resume operations following its newly granted authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework.
Regulatory rollback signals a policy reset
The Hungarian Parliament voted to repeal the country’s crypto validator rule, according to tax and legal outlet Ado.hu. The requirement forced certain crypto transactions to undergo mandatory third-party approval, creating an additional compliance layer that many operators found unworkable.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (crypto-economy.com).
