Cryptocurrency in Hungary: 15% tax and the end of the crypto offences
In short. Crypto is legal in Hungary again without a criminal risk attached. From July 2025 an unvalidated crypto conversion could cost a provider up to eight years in prison, and Revolut shut its crypto service for Hungarian clients within a week. A new government repealed the offences, effective 7 August 2026. The Magyar Nemzeti Bank now supervises providers under MiCA, and gains pay a flat 15% income tax.
- TAX RATE
- 15%personal income tax, no social contribution
- CRYPTO-TO-CRYPTO
- Not taxedtax arises when you leave crypto
- LOSS OFFSET
- 2 yearsagainst crypto gains only
- CRIMINAL OFFENCES
- Repealedsince 7 August 2026
- SUPERVISOR
- MNBcentral bank, under MiCA
Thirteen months of criminal law
In June 2025 the Hungarian parliament added two offences to the Criminal Code: misuse of crypto-assets and unauthorised provision of crypto exchange services. Both took effect on 1 July 2025. A conversion needed a certificate from a domestic validator, and without one the trade counted as unauthorised. A provider faced up to eight years. A user trading between 5 million and 50 million forints faced up to two years.
Revolut stopped serving Hungarian crypto customers on 7 July 2025. In January 2026 the European Commission told Hungary that the regime fell outside MiCA and had to go.
The reversal
Péter Magyar's Tisza party won the election on 12 April 2026 and ended Viktor Orbán's sixteen years in power. In June the new government called the crypto law unnecessary. Parliament passed Act XXXVIII of 2026 on 31 July, and the repeal of the validation duty and both offences took effect on 7 August 2026.
You can now use any provider with a MiCA licence. Revolut has restored staking for Hungarian clients.
Tax
Hungary has taxed crypto income as a separate category since 2022, at the flat 15% personal income tax rate and without the social contribution that applies to most other income. The tax point is the exit: you owe it when you convert crypto into forints, another legal currency, securities or goods. A swap from one coin to another creates no income.
You can set a loss against crypto gains in the same year and in the two following years. Report the result in your annual personal income tax return.
Allowed
- Buy, hold and sell crypto through any provider with a MiCA licence
- Convert crypto without a domestic validation certificate, since 7 August 2026
- Swap one coin for another without tax
- Set a loss against crypto gains for two more years
Restricted
- Gains on leaving crypto meet a flat 15% income tax
- A loss offsets crypto gains only, not other income
- Providers need a MiCA licence to serve Hungarian clients
How the rules took shape
Crypto income becomes a separate category taxed at a flat 15%.
Parliament adds crypto offences to the Criminal Code.
The offences take effect, and Revolut stops crypto services for Hungarian clients.
The European Commission tells Hungary the validation regime breaches EU rules.
Péter Magyar's Tisza party wins the election.
Act XXXVIII of 2026 repeals the validation duty and the crypto offences.
Common questions
Is crypto legal in Hungary?
Yes. Since 7 August 2026 you can trade through any provider with a MiCA licence, and the central bank supervises them.
Can I go to prison for trading crypto in Hungary?
No. Act XXXVIII of 2026 repealed both crypto offences, which carried up to eight years for providers and up to two years for users.
How much tax do I pay on crypto in Hungary?
A flat 15% personal income tax on gains when you leave crypto, with no social contribution on top.
Is a swap between coins taxed?
No. Tax arises only when you convert crypto into money, securities or goods.
Does Revolut offer crypto in Hungary?
Revolut stopped crypto services for Hungarian clients in July 2025 and has since restored staking.
Sources
Other countries
Updated 02.11.2026 · this is reference material, not investment or tax advice