The Hungarian Parliament voted to cancel the country ' s requirements for the authentication of encrypted currency transactions

On 29 July, according to The Block, the Hungarian Minister of Finance Andras Karman indicated that the Hungarian Parliament had voted to cancel the country ' s requirements for the authentication of encrypted currency transactions. This abolition, which is part of a broader tax programme, eliminates the obligation to verify wallet ownership, the origin of assets and customer data prior to a specific encrypted currency conversion。