Question 1

How long does a CASP license take in Hungary?

Accepted Answer

Hungary typical CASP authorization timeline: 6–9 months typical processing time. This covers the NCA review period once the application is declared complete. Preparation time is separate and can be reduced to 4–8 weeks using Micahub.

Question 2

How much does a CASP license cost in Hungary?

Accepted Answer

Indicative NCA fees in Hungary: €10,000–€40,000. Total cost includes legal and document preparation, which can be reduced by 60–80% using Micahub's automated application platform. Traditional consulting typically costs €150,000–€500,000.

Question 3

Which regulator oversees CASP licenses in Hungary?

Accepted Answer

The National Competent Authority for MiCA CASP authorization in Hungary is MNB (Magyar Nemzeti Bank (Central Bank of Hungary)). Applications are submitted to MNB, which reviews and issues the authorization. A Hungary CASP license provides EU passporting rights across all 30 EEA member states.