Hungary Parliament Repeals Crypto Validator Requirement
On 28 July 2026 the Hungarian Parliament voted 143‑46‑1 to repeal the national crypto‑validator requirement introduced by the 2024 crypto‑assets law and effective from 1 July 2025. The validator rule had mandated a third‑party approval for certain crypto‑asset conversions and imposed criminal penalties of up to two years' imprisonment for unauthorised services. Finance Minister András Kármán said the measure disrupted the market, prompting firms such as Revolut, MoonPay, Strike and Kriptomat to suspend or relocate services.
The repeal removes the domestic validator step, allowing MiCA‑licensed crypto firms to serve Hungarian clients under the EU framework without a separate national regime. CoinCash, which received Hungary’s first MiCA licence on 20 July 2025, announced it will resume operations following the legislative change.
Entities: András Kármán · CoinCash · Crypto service providers · European Union · European Union (MiCA) · European Union Markets in Crypto‑Assets (MiCA) · Hungarian Parliament · Hungarian government · Hungary · Hungary Parliament · Kármán András · MiCA
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 4 SOURCES] The validator requirement required third‑party approval for certain crypto transactions and imposed up to two years' imprisonment for unauthorised services. (supporting_article_ids)
- [● 4 SOURCES] The Hungarian Parliament vote on the repeal occurred on 28 July 2026. (2026-07-28)
- [● 4 SOURCES] Hungarian Parliament approved legislation to repeal the national crypto validator requirement. (2026-07-28)
- [● 4 SOURCES] Finance Minister András Kármán announced the repeal, citing market disruption. (2026-07-28)
- [● 4 SOURCES] The repeal allows MiCA‑licensed firms to serve Hungarian clients without separate domestic requirements. (2026-07-28)
- [● 4 SOURCES] Revolut, MoonPay, Strike and Kriptomat suspended or relocated services because of the validator rule. (2025‑2026)
- [● 4 SOURCES] CoinCash received Hungary's first MiCA licence on 20 July 2025. (2025-07-20)
- [● 4 SOURCES] The validator rule was introduced in the 2024 Hungarian crypto‑assets law and took effect on 1 July 2025. (2024‑2025)
- [○ 1 SOURCE] The parliamentary vote count was 143 in favour, 46 against, and one abstention out of 190 members. (2026-07-28)