Crypto license in Hungary

Setting up a crypto company in Hungary means entering a regulated EU market with full legal protection. We help clients secure their license, avoid regulatory rejections, and build a compliant operational structure. From document preparation to final approval, our team supports you every step of the way. Launch your legal crypto business in Europe.

• Easy company setup and EU market access
• Licensing timeline up to 6 month depending on the company’s statuss
• Fixed-price service packages
• Fully legal under MNB supervision

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Why choose Hungary for cryptocurrency licensing

Hungary offers a stable EU jurisdiction with a regulated crypto market fully aligned with MiCA requirements. While the CASP registration process is complex, time-consuming, and requires significant investment, it provides licensed companies with strong legal certainty and credibility across the EU. Under the supervision of the Hungarian National Bank (MNB), businesses benefit from a predictable regulatory framework and the ability to operate throughout the European Economic Area.

• Full compliance with MiCA standards and EU legislation
• High credibility with EU banks and partners
• Predictable legal framework under MNB supervision
• Strategic EU location for cross-border operations

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Crypto licenses are available in Hungary

Before the MiCA framework came into force, crypto companies in Hungary operated under the Virtual Asset Service Provider (VASP) registration regime supervised by the Hungarian National Bank (MNB). During the current transitional period, companies that were already registered as VASPs can continue their activities under the previous rules. However, all new applicants, as well as existing VASPs after the transition ends, must comply with the EU-wide CASP licensing requirements introduced under MiCA.

VASP (Virtual Asset Service Provider)

This was the national registration regime before MiCA took effect. Companies had to register with the Hungarian National Bank (MNB) and meet basic AML/CFT, security, transparency, etc requirements. While the VASP regime is being phased out, it still applies to entities registered before MiCA during the transitional period.

CASP (Crypto Asset Service Provider)

Under MiCA, any business offering crypto-related services, such as custody, exchange, order execution, or token placement, must obtain a CASP authorisation, which is issued by HNB and requires full compliance with EU standards on financial transparency, consumer protection, and internal governance.

Hungary cryptolicense cost

Obtaining a crypto license in Hungary involves more than just government fees — it also covers advisory support, documentation, and company formation. The fee reflects the full range of services required to launch a compliant crypto business under MiCA.

Basic package

This package is designed for solo founders and startups that need essential regulatory and procedural assistance to get started. What’s included in the package:

• Preparation of application documents and filing with the MNB
• Drafting of basic internal AML/KYC procedures
• Company formation in Hungary and tax registration
• Comprehensive support for CASP license submission
• Ongoing consultations throughout the licensing process

Requirements for a company to get a cryptocurrency licence

To obtain a crypto license in Hungary, a company must meet several legal and organizational standards. These conditions ensure transparency, integrity, and full compliance with MiCA obligations:

• Registered company with a legal seat in Hungary
• Appointed director, AML officer, and compliance officer
• Proof of good reputation and relevant team experience
• Documented AML/KYC policies and internal risk control procedures
• Minimum capital based on the scope of CASP services

Process of getting crypto license in Hungary

Since 30 June 2024, Hungary has been applying the Act VII of 2024 on Crypto-Assets, which implements Regulation (EU) 2023/1114 (MiCA). A transitional period runs until 1 July 2025: companies previously registered as VASPs can continue operations provided they submit a CASP license application to the Hungarian National Bank (MNB). The regulator has issued CASP licensing guidelines, but the process remains complex, time-consuming (6–18 months), and requires careful preparation. Below is the step-by-step procedure.

Stage 1: Regulatory assessment and planning

Before starting the process, it is essential to conduct a business model audit to confirm whether the provided services fall under MiCA and require CASP licensing. At this stage, compliance with capital, governance, and IT requirements must be assessed.

• Analysing the business model and determining CASP service categories
• Checking compliance with MiCA and AML/CFT requirements
• Determining the minimum share capital and sources of funding
• Developing a licensing roadmap with timelines and resources

Stage 2: Company incorporation and local setup

If the applicant does not already have a Hungarian legal entity, it must be incorporated. MiCA requires an EU-incorporated entity with real substance in the country of registration.

• Choosing the legal form (Kft. or Zrt.)
• Registering a legal address and securing an office/substance agreement
• Appointing a director and key personnel (fit & proper requirements)
• Tax registration and, if needed, VAT registration

Stage 3: Preparation of CASP license application

This is one of the most documentation-heavy stages, requiring a complete corporate, legal, and technical file.

• Drafting AML/CFT and KYC procedures
• Preparing IT infrastructure and cybersecurity documentation
• Preparing a 3-year business plan and financial forecasts
• Translating documents into Hungarian (if applicable)
• Completing the MNB application form and submitting it via the ERA system

Stage 4: Review and interaction with MNB

After submission, the application undergoes both formal and substantive review. The MNB may request additional information or clarifications.

• Receiving acknowledgment of application receipt
• Responding to regulator’s requests for additional information
• Adjusting internal policies as required by MNB
• Participating in interviews with key personnel (if requested)

Stage 5: License issuance and post-licensing obligations

Once approved, the company is added to the public CASP register and may commence operations. Ongoing compliance with MiCA and national laws is mandatory.

• Receiving the official decision and registration number
• Publication in the MNB public CASP register
• Launching operational activities
• Annual reporting, audits, and maintaining MiCA compliance

Why register cryptolicense in Hungary?

Obtaining a crypto license in Hungary is a strategic move for companies looking for an EU-based jurisdiction with clear and practical regulations. Hungary offers a transparent licensing framework, legal flexibility, and access to the European market without excessive bureaucratic hurdles.

1. EU membership and financial market access

Hungary is a full member of the European Union, providing licensed companies with simplified access to other EU markets. The license can be passported across EU member states under MiCA. This is crucial for companies planning to scale operations across Europe. Hungary also supports SEPA payments and PSD2-compatible banking.

2. Direct MiCA alignment and strong regulatory oversight

The Hungarian crypto licensing regime fully implements Regulation (EU) 2023/1114 (MiCA). The Hungarian National Bank (MNB) applies harmonized EU standards for AML/CFT, consumer protection, and operational resilience, ensuring that licensed entities meet the same requirements as in other top-tier EU jurisdictions.

3. Robust financial infrastructure and EU payment integration

Licensed companies in Hungary benefit from access to SEPA payments, PSD2-compliant banking solutions, and cooperation with EU-based payment service providers. This integration supports smooth transactions across Europe without the need for multiple banking arrangements.

4. Competitive tax regime and operational costs

Hungary offers the lowest corporate income tax rate in the EU — only 9%. This makes it ideal for crypto firms looking to optimize taxes. Operational costs, including accounting and maintenance, are also significantly lower than in other European jurisdictions.

5. Regulatory clarity for diverse crypto business models

Hungarian law clearly defines the requirements for different types of crypto-related activities, including custodial services, exchanges, token issuance, and trading platforms. This legal certainty allows businesses to choose and structure their services without the risk of sudden regulatory changes.

Why choose Key2Law for cryptocurrency licensing in Hungary

Key2Law provides comprehensive support for businesses entering the Hungarian crypto market. From the initial assessment to obtaining the authorisation, we guide clients through every step. Our solutions are based on careful risk evaluation, regulatory insight, and hands-on experience. We focus on getting results that align with both compliance standards and business goals.

1. Tailored project assessment

We begin with an in-depth review of your business model. Our team evaluates the nature of services, company structure, beneficial ownership, AML/CFT risk level, and MiCA alignment. Based on this, we recommend the most efficient licensing path in Hungary. This reduces legal risk and increases the chances of approval by the regulator.

2. Preparation of the full documentation package

We prepare all required documents for your application, including Articles of Association, AML/САЕ policies, IСT documents, and internal controls descriptions, and the business plan overview. Each document is tailored to meet Hungarian regulatory expectations. We also assist with certified translations, notarizations, and proper submission formats.

3. Regulator communication management

We handle all formal communication with the Hungarian National Bank (HNB), from filing to responding to follow-up queries. Our expert team uses compliant language and regulator-friendly formats to streamline review. If requested, we refine or supplement your submission. Our goal is fast-track approval with minimal back-and-forth.

4. Banking support and onboarding

We help you identify Hungarian and EU banks that work with CASP entities. Our team prepares supporting documents, including source-of-funds evidence, compliance descriptions, and operational overviews. We guide you through onboarding and compliance checks with each bank. This ensures a smooth and timely account opening process.

5. Post-licensing assistance

Our support continues after your CASP registration is complete. We help clients meet audit obligations, implement structural changes, hire compliance officers, and expand across the EU. We also ensure your ongoing alignment with MiCA and local updates. This allows your team to scale with confidence, backed by strong coverage.

Ready to move forward? Ask a question to a compliance expert

Whether you’re planning to launch a crypto business in Hungary or looking to legalize an existing operation in the EU, the Key2Law team is here to support you at every stage. We’ll help you navigate the full process: from document preparation to license approval, ensuring full compliance with Hungarian regulations. Reach out today for a consultation and get expert assistance tailored to your goals.