Markets in Crypto-Assets Regulation Compliance in Hungary
MiCA creates a comprehensive regulatory framework for crypto-assets in the EU, covering issuers of asset-referenced tokens and e-money tokens, and crypto-asset service providers (CASPs).
How does MiCA apply in Hungary?
MiCA applies in Hungary under EU law with the same obligations as across the bloc — maximum fine €5M or 3% of annual turnover (CASPs). The national supervisory authority is the NAIH (Nemzeti Adatvédelmi és Információszabadság Hatóság), which handles enforcement, complaints, and notifications. Deadline: December 30, 2024 (full application).
- Supervisory authority: NAIH (Nemzeti Adatvédelmi és Információszabadság Hatóság)
- Maximum fine: €5M or 3% of annual turnover (CASPs)
- Key deadline: December 30, 2024 (full application)
| Supervisory authority | NAIH (Nemzeti Adatvédelmi és Információszabadság Hatóság) |
| Maximum fine | €5M or 3% of annual turnover (CASPs) |
| Key deadline | December 30, 2024 (full application) |
| Sectors affected | Crypto-asset Issuers, Crypto Exchanges |
December 30, 2024 (full application)
€5M or 3% of annual turnover (CASPs)
Crypto-asset Issuers, Crypto Exchanges, Wallet Providers
Key MiCA Obligations for Hungary Businesses
- Publish compliant whitepaper for token issuance
- Obtain CASP licence from national authority
- Implement transaction monitoring (AML/CFT)
- Maintain segregated client asset custody
- Meet capital and governance requirements
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For informational purposes only. This is not legal advice — consult qualified legal counsel.