---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "moneyval", "legal"]
aliases: ["HU", "HUN", "Magyarország"]
created: 2026-04-13
updated: 2025-12-01
compile_into: ["[[country--hungary]]"]
sources:
  - name: "Magyar Nemzeti Bank"
    url: "https://www.mnb.hu"
    type: "official"
---

# 🇭🇺 [[country--hungary|Hungary]] (HU) — Crypto Regulation

> Hungary has a clear regulatory framework for cryptocurrencies, aligned with the EU's Markets in Crypto-Assets Regulation ([[concept--mica|MiCA]]). The Hungarian National Bank oversees crypto activities with established consumer protection and financial stability measures.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 33/100 (Moderate Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--huf|HUF]] |
| Adoption Rank | #36 |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

The regulator page does not specify detailed crypto tax rates or rules; VAT does not apply to crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--mnb|MNB]] |
| Framework | Markets in Crypto-Assets Regulation (MiCA) |
| Ease | medium |
| Cost | $15,000 - $100,000 |
| Timeline | 4-10 months |

Licensing follows EU MiCA standards, requiring authorization for crypto service providers.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the broader EU MiCA framework and Hungarian financial regulations.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the EU MiCA framework applicable in Hungary.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.11/kWh |
| Renewable Energy | 30% |
| Climate | temperate |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a significant share of renewable energy. Infrastructure supports mining activities.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 43/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |

## Enforcement

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

## CBDC Status: unknown

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Magyar Nemzeti Bank](https://www.mnb.hu)