Crypto license in Hungary: MiCA CASP requirements (2026)

Yes. To provide crypto-asset services in Hungary you need a MiCA CASP authorisation (Crypto-Asset Service Provider), supervised by the Magyar Nemzeti Bank (MNB), under the EU Markets in Crypto-Assets Regulation (MiCA), Title V.

The Magyar Nemzeti Bank (MNB).

An application fee of roughly €5,000–€25,000, plus ongoing supervisory fees.

Typically about 40 working days of substantive review; 1–3 months for a well-prepared application.

Yes — a single MiCA CASP licence passports across all 27 EU member states.

Hungary's Crypto-Asset Markets Act (Act VII of 2024) transposed MiCA: ART/EMT issuer rules applied from 30 June 2024 and CASP authorisation from 30 December 2024, with a national transitional regime ending 1 July 2025, after which only MNB-authorised CASPs may operate.

The Magyar Nemzeti Bank (central bank) authorises and supervises CASPs and ART/EMT issuers, with full powers to warn, fine, suspend, prohibit activity, and restrict online content for violations.

Decree 10/2025 (X.27.) of the Supervisory Authority for Regulated Activities (SZTFH/SARA) requires every crypto-asset exchange to carry a compliance certificate from a SARA-licensed validator; SARA registered the first validators (Caduceus Zrt., Mikroháló Kft.) by 2026.

Using an unauthorised crypto exchange service for transactions ≥ HUF 5 million is a criminal offence: up to 2 years (HUF 5-50m), 5 years (HUF 50-500m), or 8 years (>HUF 500m). Penalties apply to both providers and clients.

An MNB decree effective July 2025 imposes detailed AML duties including obligatory checks on whether self-hosted wallets are controlled by the originator/beneficiary, plus an EU/UN sanctions screening system for supervised providers.

The validator regime has caused multiple foreign exchanges (e.g., Kriptomat) to suspend trading services for Hungarian residents, and a domestic campaign ('Stop Kriptovalidáció') is contesting the rules.