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The rule had created significant legal uncertainty because it took effect on July 2,025 before any functioning validator market existed, with the first provider not appearing until December 2025.
Several major international platforms, including Revolut, CoinCash and eToro, restricted or halted services in Hungary because they could not meet additional national requirements beyond the EU’s MiCA framework.
The new proposal would remove both the validation obligation and the related criminal liability for service providers and investors, bringing Hungary back in line with the EU’s unified regulatory regime. If adopted in the coming weeks, the changes would take ef fect on the eighth day after publication, potentially as early as this summer, improving investor confidence and encouraging global providers to return to the Hungarian market.
The Ministry of Finance and legal experts expect the liberalization to boost domestic crypto activity and attract new market entrants.
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