The post Bitcoin Regulatory Shift Follows Hungary’s July 2025 Verification Repeal appeared on BitcoinEthereumNews.com.
Crypto News Bitcoin (BTC) gained a clearer European market-structure signal after Hungary’s parliament moved to cancel an independent verification requirement that had applied to crypto transactions since July 1, 2025. The amendment removes a rule that required a certified verifier to issue a suitability statement for every crypto-to-fiat and crypto-to-crypto transfer, while also checking wallet ownership, customer identity and the origin of the digital assets. Officials said the obligation conflicted with the European Union’s Markets in Crypto-Assets framework, known as MiCA, and imposed an extra layer that other member states do not demand. The change leaves the rest of the country’s crypto licensing regime in place, including oversight of custody, trading, transfer and investment advisory services. The package also repeals certain penalty provisions tied to unlicensed exchange services and improper use of crypto assets, although the government kept other regulatory controls active. That distinction matters for firms providing custody or transfer services because they still face MiCA-style authorization, capital and governance expectations rather than a free-market vacuum. Finance Minister Karman Andras said the earlier system disrupted Hungary’s crypto ecosystem and forced multiple service providers to pause operations, while State Secretary Nikoletta Boda confirmed that the repealed requirement had arrived before the EU’s July 2026 compliance deadline. The legislative shift coincides with the return of CoinCash, operated by Tiwala Solutions, which received Hungary’s first MiCA license from the central bank on July 20. The authorization covers custody, conversion between fiat and crypto, transfers, investment advice and portfolio management. For Bitcoin and every altcoin traded through regulated local venues, the practical question is whether a lighter, EU-aligned approval path can rebuild liquidity without weakening customer protection. CoinCash co-founder Gabor Galantai described the license as a milestone for the first Hungarian company authorized under MiCA, and market participants are now watching whether the…