🇭🇺 Hungary

Hungary has a clear and legal regulatory framework for cryptocurrencies, governed primarily by the Markets in Crypto-Assets Regulation (MiCA) and supplemented by national laws such as Act VII of 2024 and Act LXVII of 2025. The Hungarian National Bank (MNB) oversees financial stability and crypto market supervision.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regioneurope
CurrencyHUF
Adoption Rank#36

Tax Information

Capital Gains (Personal)15% capital gains tax on crypto assets
Capital Gains (Corporate)9% corporate tax applies to crypto gains
VAT on CryptoNo
Staking TaxTaxed as income at 15% personal income tax rate
Airdrop TaxConsidered taxable income at 15% personal income tax rate

Hungary taxes crypto capital gains at 15% for individuals and 9% corporate tax for companies. VAT does not apply to crypto transactions. Staking rewards, mining income, and airdrops are taxed as income.

Licensing & Registration

RequiredYes
RegulatorMNB + SARA
FrameworkMarkets in Crypto-Assets Regulation (MiCA) and Act VII of 2024 (Crypto Asset Market Act)
Easemedium
Cost (USD)$15,000 - $100,000

Crypto service providers must obtain licenses under MiCA and national laws. Licensing process is moderately complex with standard AML/KYC requirements.

Laws & Regulations

NameYearStatusScope
Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA)2023Activesupranational
Establishes a comprehensive EU framework for crypto-asset service providers (CASPs), stablecoin issuers (ART/EMT), and trading platforms; prohibits market abuse in crypto-assets; full application from 30 December 2024.
Regulation (EU) 2023/1113 on Transfer of Funds and Certain Crypto-Assets (TFR)2023Activesupranational
Extends FATF Travel Rule to crypto-asset transfers; requires CASPs to collect and transmit originator/beneficiary information for all transfers, removing the EUR 1000 threshold; applies from 30 December 2024.
Council Directive (EU) 2023/2226 (DAC8)2023Activesupranational
Amends Directive 2011/16/EU to require mandatory automatic exchange of information on crypto-asset transactions held by EU tax residents; CASPs must report to national tax authorities from 1 January 2026.
Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector (DORA)2022Activesupranational
Mandates ICT risk management, incident reporting, third-party provider oversight, and digital operational resilience testing for financial entities including CASPs covered by MiCA; applies from 17 January 2025.
Directive (EU) 2018/843 (5th Anti-Money Laundering Directive)2018Activesupranational
First EU directive to bring crypto-asset exchange services and custodian wallet providers within AML/CFT scope; introduced KYC obligations and registration requirements for Virtual Asset Service Providers.
Directive (EU) 2018/1673 on Combating Money Laundering by Criminal Law (6AMLD)2018Activesupranational
Harmonises criminal-law definitions and penalties for money laundering across EU member states; establishes minimum custodial sentences and corporate liability rules applicable to crypto-related ML offences.
Regulation (EU) 2024/1624 on Anti-Money Laundering Requirements (AML Regulation)2024Activesupranational
Replaces 5AMLD/6AMLD with a single AML Regulation directly applicable in all member states; tightens KYC/CDD requirements for CASPs and sets EUR 1000 cash-equivalent threshold for crypto transactions; phased application 2027.
Commission Delegated Regulation (EU) 2024/2795 supplementing MiCA2024Activesupranational
MiCA Level 2 delegated act setting regulatory technical standards on information requirements and procedures for competent authority notifications under MiCA; part of the MiCA implementation package applicable from December 2024.

Enforcement Activity

Level: Low

MNB has issued warnings about unregistered crypto service providers. Enforcement capacity is developing.

CBDC

StatusPilot
NameHungary CBDC
Issuing AuthorityCentral Bank of Hungary (MNB)
Modelretail

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities fall under the scope of MiCA and national regulations, requiring compliance with licensing and AML rules.

Stablecoins

Status: regulated

Stablecoins are regulated under MiCA and Hungarian crypto laws, requiring issuer authorization and compliance with financial regulations.

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity Cost$0.11/kWh
Renewable Energy30%
Infrastructuregood

Mining is legal with moderate electricity costs and a 30% renewable energy mix. Infrastructure supports data centers adequately.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index44/100
Banking Accessmoderate
Sanctions Program ActiveNo

Risk Factors

Hungary is politically stable within the EU, not under sanctions, with moderate corruption and average ease of doing business. Banking access for crypto firms is moderate due to regulatory scrutiny.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Hungary?

Hungary has a clear and legal regulatory framework for cryptocurrencies, governed primarily by the Markets in Crypto-Assets Regulation (MiCA) and supplemented by national laws such as Act VII of 2024 and Act LXVII of 2025. The Hungarian National Bank (MNB) oversees financial stability and crypto market supervision.

What is the FATF status of Hungary?

Hungary is classified by FATF as: compliant.

Are VASPs licensed in Hungary?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in Hungary?

KYC is mandatory for crypto businesses.

Need help with Hungary crypto regulation?

Soken combines Web3 security engineering and crypto-legal counsel — two specialised tracks, one team. Pick the side that matches your need.

Legal & Corporate

Crypto Legal & Compliance

VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.

Explore Legal Services →
IT & Security

Web3 Security & Development

Smart-contract audits, penetration testing, Web3 development, AI/LLM security audits.

Explore IT Services →

Last reviewed: 2026-09-15 · Data source: Soken Crypto Legal Map

← Back to Crypto Map