News topic
MiCA
European Union Markets in Crypto-Assets regulation.
Image: crypto.newsHungary Repeals Crypto Validator Rule to Align with MiCA Framework
Hungary has repealed its mandatory cryptocurrency validator requirement, as reported by crypto.news, following a parliamentary vote. This move, not officially confirmed by government or first-party sources, aims to align Hungary’s crypto regulations with the European Union’s Markets in Crypto-Assets (MiCA) framework. The repeal is expected to facilitate the restoration of services by crypto firms such as CoinCash, which has reportedly received Hungary’s first MiCA license. The previous framework had imposed strict compliance and criminal penalties, leading to reduced trading activity and the withdrawal of several companies from the Hungarian market. The reported changes are intended to support market recovery and regulatory harmonization, but official confirmation is still pending.
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crypto.newsHungary Repeals Crypto Validator Rule to Align with MiCA Framework
Hungary has repealed its mandatory cryptocurrency validator requirement, as reported by crypto.news, following a parliamentary vote. This move, not officially confirmed by government or first-party sources, aims to align Hungary’s crypto regulations with the European Union’s Markets in Crypto-Assets (MiCA) framework. The repeal is expected to facilitate the restoration of services by crypto firms such as CoinCash, which has reportedly received Hungary’s first MiCA license. The previous framework had imposed strict compliance and criminal penalties, leading to reduced trading activity and the withdrawal of several companies from the Hungarian market. The reported changes are intended to support market recovery and regulatory harmonization, but official confirmation is still pending.
crypto.newsNexo’s EU Services Remain Active via MiCA-Licensed Partners: Reported Arrangement Not Officially Confirmed
According to crypto.news, Nexo has stated its European Economic Area (EEA) services continue to operate through MiCA-licensed partners Tangany and DLT Finance, with lending and rewards products remaining outside these authorisations. This arrangement, as reported, is not officially confirmed and relies on regulated German partners for custody and brokerage. The report highlights the division of regulated and unregulated services, the impact of MiCA’s transition deadline, and the potential for similar partner-led models in Europe. Customers are advised to verify the legal entities and terms governing each product, as protections may differ.