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🇭🇺 Hungary

A dual-regulator regime (MNB plus a separate SZTFH conversion-service certificate) under active EU infringement scrutiny.

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

MiCA CASP authorisation (Regulation (EU) 2023/1114, Art. 62) under Hungary's Act VII of 2024 on Crypto-Assets, transposing MiCA.

Verified 7 weeks agoSource: Wolf Theiss: https://www.wolftheiss.com/insights/hungarys-crypto-validation-certificate-requirement-took-effect-on-27-december-2025/

Regulator

Magyar Nemzeti Bank (MNB) grants the core CASP licence; SZTFH (Supervisory Authority for Regulated Activities) separately runs a national crypto-asset conversion validation-certificate scheme (effective 27 Dec 2025), required in addition to the MNB CASP licence for crypto-fiat/crypto-crypto exchange - a Hungary-specific dual-track layer.

Verified 2 days agoSource: MNB: https://www.mnb.hu/letoltes/casp-tevekenysegi-engedelyezesi-utmutato-en.pdf

Recent changes

Act XXXVIII of 2026 repealed Hungary's separate SZTFH crypto-asset conversion validation scheme. Parliament adopted the repeal on 28 July 2026, it was promulgated in Magyar Kozlony on 30 July and took effect on 7 August 2026. Validator permissions lapsed and pending validator proceedings ended, leaving the ordinary MNB and MiCA framework. Strong press reporting of a first MNB CASP licence remains pending primary confirmation and is not counted here.

Verified 2 days agoSource: https://magyarkozlony.hu/dokumentumok/0d5f80ec06f807d7a5f83a87bb3d91ef5f39534f/letoltes

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Hungary's regulator and qualified local counsel before acting.