🇭🇺 Hungary
A dual-regulator regime (MNB plus a separate SZTFH conversion-service certificate) under active EU infringement scrutiny.
Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.
Licence type
MiCA CASP authorisation (Regulation (EU) 2023/1114, Art. 62) under Hungary's Act VII of 2024 on Crypto-Assets, transposing MiCA.
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.
Capital requirement 🔒
Timeline to authorisation 🔒
Local substance 🔒
Application cost 🔒
Ongoing cost 🔒
Passporting 🔒
MiCA CASPs approved 🔒
Key restrictions 🔒
Recent changes
The European Commission opened a MiCA infringement case against Hungary (implications for market participants unclear); the transitional period for ex-VASPs ended 1 July 2025; the SZTFH validation-certificate requirement took effect 27 December 2025, with the first provider registered shortly after.
Difficulty rating 🔒
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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.