licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇭🇺 Hungary

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

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Authorisation for e-money issuing institutions (elektronikuspénz-kibocsátó intézmény) per MNB's dedicated licensing guide, Hungary's EMD2 transposition track, separate from payment institution licensing

Verified 2026-07-02 Source: MNB licensing guide: https://www.mnb.hu/letoltes/az-elektronikuspenz-kibocsato-intezmenyek-tevekenysegenek-engedelyezese.pdf

Regulator

Magyar Nemzeti Bank (MNB, Hungarian central bank, acting as financial supervisor)

Verified 2026-07-02 Source: MNB: https://www.mnb.hu/felugyelet/engedelyezes-es-intezmenyfelugyeles/engedelyezes/szektorok/penzpiac/elektronikuspenz-kibocsato-intezmeny

Capital requirement 🔒

Unlock capital requirement with the Founder Pass Source: mnb.hu

Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

Unlock application cost with the Founder Pass Source: mnb.hu

Ongoing cost 🔒

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Passporting 🔒

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EMIs authorised 🔒

Unlock emis authorised with the Founder Pass Source: intezmenykereso.mnb.hu

Key restrictions 🔒

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Safeguarding 🔒

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Recent changes

PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file.

Verified 2026-07-03 Source: EU

Difficulty rating 🔒

Unlock difficulty rating with the Founder Pass Source: mnb.hu

The decision numbers for Hungary are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

See pricing See the free jurisdiction first

Track Hungary

Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Hungary's regulator and qualified local counsel before acting.