Hungary repeals crypto checks as first MiCA license is granted
Hungary is easing its crypto rules after earlier restrictions disrupted the market and pushed some providers to pause operations. Parliament repealed the country’s validator requirement, which had forced certain crypto transactions to pass an extra third-party approval step. The old system required checks on asset origin, wallet ownership, and customer data, adding another layer on top of MiCA. Finance Minister Kármán András said the rollback reflects signs of recovery after “negative and market-shaking” regulation. The broader licensing and compliance framework remains in place. At the same time, CoinCash’s operator, Tiwala Solutions, received authorization under the EU’s MiCA regime from Hungary’s central bank, making it the first Hungarian company approved directly under that framework. The license covers custody, crypto-to-fiat and crypto-to-crypto exchange, transfers, investment advice, and portfolio management. CoinCash had paused services while preparing for compliance and plans to resume gradually.
