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[SITUATION] · [ACTIVE]

2 clusters · 7 sources · 4 days · First seen 8 days ago · Last updated 4 days ago

Categories: TECHNOLOGY · BUSINESS

Hungary crypto regulatory progress

Entities: Hungarian government · European Union · European Union (MiCA) · András Kármán · CoinCash

Overview

In July 2026 Hungary moved toward a fully regulated crypto market.

On 20 July, the Hungarian National Bank granted the first domestic MiCA licence to Tiwala Solutions Kft, the operator of the CoinCash broker. The authorisation covered custody, exchange, conversion, advisory, portfolio management and transfers, expanding CoinCash’s scope beyond its previous focus on Bitcoin ATMs.

A week later, on 28 July, the Hungarian Parliament voted to lift previous restrictions on crypto‑service providers, aligning national rules with the EU’s MiCA framework. The same day it repealed the crypto‑validator requirement that had mandated a third‑party approval for certain asset conversions and imposed criminal penalties. Finance Minister András Kármán said the validator rule had forced firms such as Revolut, MoonPay, Strike and Kriptomat to suspend or relocate services. Its removal allows MiCA‑licensed firms to serve Hungarian clients without a separate national regime, and CoinCash announced it will resume operations following the change.

Together, the licensing of a leading broker and the legislative overhaul—including the repeal of the validator mandate—signal a concerted effort to revive Hungary’s crypto sector, attract investment, and bring the market into compliance with broader European standards.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 4 SOURCES] Hungarian Parliament approved legislation to repeal the national crypto validator requirement. (2026-07-28)
[● 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 validator rule was introduced in the 2024 Hungarian crypto‑assets law and took effect on 1 July 2025. (2024‑2025)
[● 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] 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] The Hungarian Parliament vote on the repeal occurred on 28 July 2026. (2026-07-28)
[○ 1 SOURCE] The parliamentary vote count was 143 in favour, 46 against, and one abstention out of 190 members. (2026-07-28)

Timeline

4 days ago

[TECHNOLOGY] 4 sources
Hungary Parliament Repeals Crypto Validator Requirement
Hungary's parliament voted 143‑46‑1 on 28 July 2026 to scrap the crypto‑validator rule, ending a requirement that forced third‑party approval and carried up to two years' prison. The change lets MiCA‑licensed ‑
8 days ago

[BUSINESS] 4 sources
CoinCash receives Hungary’s first MiCA crypto licence
Hungary’s central bank granted CoinCash, operated by Tiwala Solutions, the first domestic MiCA licence on 20 July 2026, covering six crypto‑service categories and paving the way to restart its suspended ops.

Sources

bitcoinbazis.hu · cointelegraph.com · dailynewshungary.com · economx.hu · financemagnates.com · napi.hu · novekedes.hu

This summary has been updated 1 time: see revision history