Hungary has removed its controversial cryptocurrency validator requirement after lawmakers voted to repeal the rule, clearing the way for crypto firms including CoinCash to restore services under the European Union’s Markets in Crypto-Assets (MiCA) framework.
Summary
- Hungary has repealed its mandatory crypto validator requirement after Parliament voted to remove the rule.
- The government said the previous framework drove crypto firms out of the market and disrupted trading activity.
- CoinCash has received Hungary’s first MiCA license and plans to gradually resume crypto services.
- The latest changes move Hungary’s crypto rules closer to the European Union’s MiCA…
