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Crypto Regulation in Hungary

Legal

Hungary regulates crypto under MiCA through MNB (Magyar Nemzeti Bank). Crypto gains are taxed at 15% income tax plus social contributions. The regulatory framework follows EU standards.

Region: EuropeCurrency: HUFAdoption Rank: #36Risk Score: 33/100

Tax Information

Capital Gains (Personal)
15% personal income tax on crypto gains
Capital Gains (Corporate)
9% corporate tax (one of the lowest in the EU)
VAT on Crypto
No
Staking Tax
Taxed as other income at 15%
Airdrop Tax
Taxed as other income at 15%
Mining Tax
Taxed as other income at 15%
Summary
Hungary taxes individual crypto gains at 15% personal income tax. The 9% corporate tax rate is among the lowest in the EU, making Hungary potentially attractive for crypto businesses. Social health contribution may also apply.

Licensing & Registration

License Required
Yes
Regulator
MNB (Magyar Nemzeti Bank (Hungarian National Bank))
Framework
Markets in Crypto-Assets Regulation (MiCA)
License Types
Crypto-Asset Service Provider (CASP) Authorization under MiCA
Estimated Cost (USD)
$15,000 - $100,000
Timeline
4-10 months
Ease of Licensing
Medium
Notes
MNB oversees MiCA CASP authorization. Hungary has been implementing MiCA requirements in line with EU timelines.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
No
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.11
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
9% corporate tax (one of the lowest in the EU)

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company (LLC)
Licensing Support
Available | $25,000 - $100,000

Sources

Magyar Nemzeti Bank
Reviewed: 2026-03-01likely

Frequently Asked Questions

Is crypto legal in Hungary?
Cryptocurrency is currently classified as "Legal" in Hungary. Hungary regulates crypto under MiCA through MNB (Magyar Nemzeti Bank). Crypto gains are taxed at 15% income tax plus social contributions. The regulatory framework follows EU standards.
What is the crypto tax rate in Hungary?
In Hungary, the personal capital gains tax on crypto is 15% personal income tax on crypto gains, and the corporate tax rate is 9% corporate tax (one of the lowest in the EU). Hungary taxes individual crypto gains at 15% personal income tax. The 9% corporate tax rate is among the lowest in the EU, making Hungary potentially attractive for crypto businesses. Social health contribution may also apply.
Do I need a crypto license in Hungary?
Yes, a crypto license is required in Hungary. The regulator is Magyar Nemzeti Bank (Hungarian National Bank) under Markets in Crypto-Assets Regulation (MiCA). Estimated licensing cost: $15,000 - $100,000.
Is crypto mining legal in Hungary?
Yes, crypto mining is legal in Hungary. Electricity costs approximately $0.11/kWh. Mining income is taxed at: 9% corporate tax (one of the lowest in the EU).
What are the AML/KYC requirements for crypto in Hungary?
Yes, crypto businesses in Hungary must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.