Open a Cryptocurrency Company in Hungary
If you want to open a cryptocurrency company in Hungary, you can rely on our consultants, who can help you obtain a crypto license.
Investors who want to open a cryptocurrency company in Hungary have to take into consideration a few aspects, such as the formalities for the issuance of a crypto license in Hungary. If you need advice on the latest regulations, our specialists in company formation in Hungary can help you and can offer the necessary legal support for the registration of the company.
How are cryptocurrencies defined in Hungary?
Investors who want to start a business in this sector or to obtain a crypto license in Hungary must know that this activity has recently received a statutory definition, recognized under the Hungarian law. Under the Crypto Asset Regulation, cryptocurrency refers to digital tokens that have a value and that can be transferred or stored with the assistance of digital technology.
| Quick Facts | |
|---|---|
| How is cryptocurrency defined in Hungary? | Cryptocurrencies in Hungary benefit from a clear definition, which states that they are digital tokens with a financial value that can be used (transferred or/and stored) through various digital technology means. |
Types of cryptocurrencies accepted | Bitcoin, Ethereum, Banker, Nem, Litecoin, Dash, etc. |
Cryptocurrency law | Act VII of 2024 on Markets in Crypto-Assets (implementing the EU’s Markets in Crypto-Assets Regulations), Digital Operational Resilience Act, Crypto Assets Regulation. |
| Institution supervising the industry | The Hungarian National Bank. |
| Types of entities that can carry out crypto activities | Individuals and companies. |
| Crypto licenses available in Hungary | A single MiCA authorisation as a crypto-asset service provider (CASP), granted by the Hungarian National Bank and covering services such as exchange and custody. |
| Compliance obligations | Investors who want to open a cryptocurrency company in Hungary must abide by the anti-money laundering laws and the know-your-customer rules. |
| Taxes | The personal income tax (15%, reduced from 30,5% in 2022) and the corporate income tax (9%). |
| VAT applicable (yes/no) | No |
| Procedure to incorporate a crypto company | In order to open a cryptocurrency company in Hungary, investors must follow the standard incorporation procedure (apply for a trading name, select a legal entity, assing a registered address, obtain business permits, open a corporate bank account, etc.). |
| Types of crypto activities developed in Hungary | – crypto trading; – mining; – cryptocurrency exchange platforms; – crypto wallet security; – initial coin offering, etc. |
| Crypto ATMs (yes/no) | Yes |
| The city with the highest number of crypto ATMs | Budapest (around 30 ATMs). |
| Company types suitable for crypto companies | Those who open a cryptocurrency company in Hungary usually opt for private companies (private company limited by shares – Zrt., limited liability company – Kft.). |
| Market share | Around of 1% of the Hungarian population owns cryptocurrency, while by 2028, it is estimated that 1,8 million Hungarians will be using crypto. |
What are the legislative updates on cryptocurrencies in Hungary?
In the list below, our consultants present the latest legislative developments application in the cryptocurrency industry:
- starting with 30th of June 2024, investors benefit from a more solidified legislation, as the Hungarian authorities have adopted a new law regulating crypto-activities, the Act on Markets in Crypto-Assets (Act VII of 2024);
- it incorporates the EU requirements applicable to this field, which are established under Regulation (EU) 2023/1114 (MiCA) and Regulation (EU) 2022/2554 (DORA);
- one of them is the Markets in Crypto-Assets Regulation (MiCA), while the other is the Digital Operational Resilience Act (DORA);
- please mind that as of 7 August 2026, the national crypto-exchange 'validation' requirement has been repealed (Act XXXVIII of 2026) and only the MiCA rules apply for CASP (crypto-assets services provider) entities, which requires them to abide by the MiCA rules in order to be authorized for activities in Hungary.
What is the purpose of DORA?
DORA establishes a comprehensive legal system for the ICT risk management procedures enabled by of a variety of companies and structures operating in the financial sector, and this also includes crypto businesses. The act is not limited only to financial entities, but it also refers to any third-party service providers that will enter into contact with a financial company.
What types of crypto assets can companies use?
The new law offers a clear understanding on the types of assets crypto-companies can issue, namely: electronic money, crypto-assets with a stable value and crypto-assets that do not qualify under the first two categories.
What are the types of cryptocurrency licenses available in Hungary?
Investors need a single MiCA authorisation (CASP licence), which can cover services such as:
- the crypto exchange license;
- the crypto wallet provider license.
Do I need to set up a business in Hungary if I need a crypto license?
Those who need to apply for a crypto license have to comply with certain basic legal requirements. The basic requirement is to set up a company in Hungary, registered with the Hungarian authorities and which has its seat in Hungary.
Below, you can watch a short video on the Hungarian cryptocurrency company:
What is the minimum share capital required for a Hungarian legal entity?
In order to open a cryptocurrency company in Hungary you need to select a company that has separate legal personality, in which case the limited company is the most suitable option. The lowest capital requirements are HUF 3 million (or EUR 8,200) for the incorporation of a limited liability company (more on this topic, here).
What is the minimum capital required for starting a crypto business?
It depends on the specific class of activity your company will carry out. The lowest capital threshold is EUR 50,000. Please mind that this sum does not include the incorporation costs and fees (for the incorporation of a legal entity our team charges EUR 950, and to this you must add the state registration fees and other types of costs imposed by the competent authorities).
What institution is responsible for the cryptocurrency industry?
Supervisory activities are carried out by the Hungarian National Bank (MNB), which authorises crypto-asset service providers under MiCA.
What documentation must I prepare for the registration of a crypto company?
Investors who plan to open a cryptocurrency company in Hungary are required to prepare a large set of documents, which will prove that the founders meet the minimum standards imposed by law. In this sense, they need to prepare the following:
- the documentation concerning the incorporation of the company, which must be made following the standard rules for company registration in Hungary;
- a clear description of the company’s crypto assets services;
- management documentation, attesting the that the shareholders, managers and directors have the necessary abilities and experience in the field;
- proof of capital along with documentation attesting the source of the capital;
- documentation attesting that the company implements the anti-money laundering laws applicable in Hungary;
- security and IT documentation;
- a business plan and the financial projections expected in the first years of activity, etc.
What is the duration of the incorporation process?
Opening a company in Hungary can take around 1 week, but we refer here only to the standard registration procedures applicable to any entity, regardless of the field in which it will operate. When we refer to the registration of a crypto business, please mind that the procedure can take at least 4 months (this is the minimum duration of the review process).
In the following infographic, you can find a few details on the Hungarian crypto company:
Are there any tax rules on cryptocurrency in Hungary?
Local and foreign investors who want to open a cryptocurrency company in Hungary should know the following with regards to the taxation of this industry:
- cryptocurrency is currently taxed at a rate of 15% (personal income tax);
- this tax is charged on the profits obtained from this activity, and the current rate of 15% was reduced from 30,5%;
- the tax return is due by 20 May of the year following the tax year;
- some of the cryptocurrency operations are entitled to a tax amnesty for a period of 5 years.
Contact our consultants for consultancy services regarding this subject.
Dr. Ádám Tálosi, Attorney at Law · 13 October 2026Dr. Ádám Tálosi studied at the Faculty of Law of the Károli Gáspár University of the Reformed Church.