2026-08-06 | IT Law
Changes to the Rules on the Authorisation of Crypto-Asset Service Providers in Hungary
On 2 August 2026, Decree No. 7/2026 (VII. 30.) of the Supervisory Authority for Regulatory Affairs (SZTFH)entered into force. The Decree lays down the detailed rules governing the authorisation and registration of crypto-asset service providers engaged in crypto-asset exchange validation activities. At the same time, it repeals the previously applicable SZTFH Decrees No. 10/2025 (VI. 26.) and No. 12/2025 (VI. 26.), which regulated the same subject matter.
The primary objective of the new Decree is to align the Hungarian regulatory framework with the European Union's legal framework governing crypto-assets while ensuring a more coherent and transparent system for the authorisation and supervision of service providers operating in this sector.
Regulatory background
The rapid expansion of crypto-asset services in recent years has highlighted the need for a clear and predictable legal framework. As the market continues to develop, ensuring effective supervision and legal certainty has become increasingly important for both service providers and users.
In Hungary, the fundamental rules governing the crypto-asset market are laid down in Act VII of 2024 on the Market in Crypto-Assets, which establishes the legal framework for crypto-asset service providers and designates the competent supervisory authority.
The implementation and supervision of these rules fall within the competence of the Supervisory Authority for Regulatory Affairs (SZTFH). Among its responsibilities are conducting authorisation procedures, maintaining the register of authorised service providers and monitoring compliance with the applicable legal requirements.
Hungarian legislation has also been shaped by Regulation (EU) 2023/1114 of the European Parliament and of the Council on Markets in Crypto-assets (MiCA), which introduced a harmonised regulatory framework across the European Union. Although the MiCA Regulation is directly applicable in all Member States, national legislation remains necessary to regulate procedural matters and designate the competent supervisory authorities.
Key provisions of the Decree
The new SZTFH Decree specifies the detailed procedural rules applicable to the authorisation and registration of crypto-asset service providers. Among other matters, it regulates the content of authorisation applications, the documents to be submitted during the procedure and the applicable administrative service fees.
The Decree also repeals the previous implementing regulations, thereby creating a more consistent regulatory framework. Its purpose is primarily to ensure legal harmonisation by aligning the Hungarian implementing rules with the higher-level legislative framework and the applicable European Union requirements.
It is important to note that the Decree does not regulate the use or ownership of crypto-assets by individuals. Instead, it applies to businesses providing crypto-asset-related services on a professional basis where regulatory authorisation is required.
Practical significance
The new regulatory framework aims to establish a more transparent and predictable authorisation system. This contributes to greater legal certainty for service providers while ensuring that only entities meeting the statutory requirements are authorised to operate on the Hungarian market.
Although the Decree primarily affects crypto-asset service providers, its indirect benefits may also extend to consumers and investors. A clearer regulatory environment and more effective supervisory framework are expected to strengthen confidence in the market and promote lawful and responsible business practices.
Conclusion
Decree No. 7/2026 (VII. 30.) of the SZTFH constitutes an important element of Hungary's regulatory framework governing crypto-asset service providers. While the amendments primarily concern authorisation procedures and supervisory requirements, they also contribute to a more transparent, predictable and harmonised legal environment. The Decree reflects Hungary's continued efforts to ensure that its domestic legislation remains consistent with the European Union's regulatory framework for the crypto-asset market.
