licencemap
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Matrix / Hungary

🇭🇺 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 2026-07-02 Next review 2026-07-16

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 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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EMIs authorised 🔒

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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 2026-07-02 Source: EU

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.