By
June 2, 2025
Hungary’s New Legislation Allows Banks to Offer Crypto Services Starting July 2025
Hungary is taking a significant step toward integrating cryptocurrencies into its traditional financial system. Starting July 1, 2025, banks, investment funds, and asset managers will be permitted to offer services involving Bitcoin and other cryptocurrencies under new legislation designed to regulate the crypto market.
The Hungarian parliament recently passed comprehensive legislation to regulate the issuance, trading, and management of crypto-assets. This new legal framework aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulation and aims to provide clarity and security for both service providers and consumers in the crypto space.
Under the new law, traditional financial institutions such as banks and investment firms can now legally provide a variety of crypto-related services. This integration marks a major milestone in Hungary’s financial sector, allowing customers to access cryptocurrency services through familiar banking channels. The Hungarian National Bank (MNB) will oversee these activities to ensure regulatory compliance and protect consumers.
The legislation also introduces important measures to safeguard consumers. Crypto service providers will be required to maintain transparent complaint-handling procedures and ensure that advisors possess the necessary knowledge and professional experience to guide customers effectively. These safeguards are designed to increase confidence in crypto services and promote a stable market environment.
By adopting this forward-thinking legislation, Hungary positions itself as a leader in the European crypto landscape. The country’s regulatory framework aims to balance innovation and consumer protection, fostering a transparent and trustworthy environment for digital asset growth.
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