Hungary Licenses First Crypto Exchange Validation Service Provider

Hungary's Regulated Activities Supervisory Authority (SZTFH) has granted its first license to a crypto asset exchange validation service provider, marking a significant milestone in the country's cryptocurrency regulatory framework.

Regulatory Framework Now OperationalThe newly licensed provider is authorized to offer crypto asset exchange validation services in accordance with Act VII of 2024 on Crypto Asset Markets and SZTFH Decree 10/2025 (X.27.). This approval enables compliant cryptocurrency exchange operations to continue seamlessly within Hungary's legal framework.

The registry of licensed crypto asset exchange validation organizations is now publicly accessible on the SZTFH website, providing transparency for market participants and consumers.

Guidance for Market ParticipantsTo support industry compliance, SZTFH has published detailed guidance on the application of Decree 10/2025, which covers:

Licensing requirements for crypto exchange validation providersRegistration procedures and documentationOngoing compliance obligationsThe guidance document is available on the authority's dedicated crypto validation supervision page, aimed at facilitating proper interpretation of the regulatory requirements.

This development signals Hungary's commitment to establishing a regulated crypto asset market while ensuring consumer protection and market integrity within the emerging digital asset ecosystem.