Hungary has entered a new phase of cryptocurrency regulation after the National Bank granted the country’s first Crypto-Asset Service Provider (CASP) licence under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
The licence was awarded to Tiwala Solutions, operator of CoinCash. Then company said it plans to restart its services in the coming months, marking its return to the Hungarian market.
A milestone for Hungary’s crypto market
MiCA establishes a single licensing framework for crypto-asset service providers across the European Union, replacing the patchwork of national regimes that previously governed the industry. Since the end of the transitional period on 1 July 2026, firms wishing to provide crypto-asset services in the EU must obtain a CASP authorisation from their national regulator.
For crypto companies, the framework introduces common standards covering governance, consumer protection, operational resilience and prudential requirements, while creating the possibility to passport authorised services across the European Economic Area.
CoinCash returns under the new framework
CoinCash has been one of Hungary’s best-known cryptocurrency brokers, offering retail investors access to digital assets through online trading services and a nationwide network of cryptocurrency ATMs.
The company said the new licence will allow it to relaunch operations under the MiCA framework, providing customers with services that comply with the EU’s unified regulatory standards.
The authorisation also places Hungary among the growing number of EU member states that have begun issuing MiCA licences following the introduction of the regulation, as the crypto industry transitions towards a fully regulated European market.
