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.
