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Hungary has abolished a mandatory third-party verification requirement that had applied to some cryptocurrency transactions.
Cointelegraph reported on July 29 that Hungary’s parliament passed a bill on July 28 removing a separate verification procedure for crypto trades. The change eliminates a rule that required certain cryptocurrency transactions to receive approval from a third-party verification agency.
Finance Minister Kármán András said the government removed the requirement because the previous rules had hurt the crypto market. Many operators had ended crypto services in Hungary because of negative, market-disrupting regulation, he…
