Jurisdiction reference
Hungary
Regulator: MNB. License/registration context: Registration. 19 VASP/entity records are tracked by Plexo Institute in Hungary. Official registry source: EU Markets in Crypto-Assets Regulation (MiCA). Data last updated: 2026-08-28.
Cryptocurrency, including stablecoins, is regulated under Hungary's adoption of the EU's MiCAR (effective since December 2024) via Act VII of 2024. The Central Bank of Hungary oversees licensing of crypto-asset service providers. In addition, Hungary has created a validation regime, only transactions with a compliance certificate from an authorized "Validator" are legally valid. Crypto activity via unlicensed platforms is criminalized starting 1 July 2025, with penalties ranging from 2 to 8 years depending on transaction value.
Regulatory Status
- Jurisdiction code
- HU
- Regime
- Registration
- Regulator
- MNB
- Governing law
- AML Act / MiCA
- Travel Rule
- Enforced
- Tracked entities
- 19
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- HUF
Regulatory approach
MNB administers MiCAR-related licensing and supervision of crypto-asset service providers under Act VII of 2024
Relationship Graph
Jurisdiction FAQ
Who regulates Hungary?
The current Plexo Institute record lists MNB as the regulator for Hungary.
How many VASPs are tracked in Hungary?
19 VASP/entity records are tracked by Plexo Institute in Hungary.
What is the Travel Rule status in Hungary?
The current Plexo Institute record lists the Travel Rule status for Hungary as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.