Hungary Custodial Wallet — Compliant Development
Launch a custodial wallet in Hungary with compliance controls mapped to MNB and MiCA. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Hungary · Custodial Wallet
Hungary supervises crypto-asset service providers under MiCA through Magyar Nemzeti Bank (MNB). Firms offering exchange, custody, advisory, or other CASP services must obtain authorization and meet prudential, governance, and AML requirements before serving clients in the EU.
| Jurisdiction | Hungary |
|---|---|
| Regulator | MNB |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- Implement secure key management protocols for user funds
- Integrate KYC/AML checks during wallet creation and transactions
- Ensure compliance with local data protection regulations
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What features are included in the custodial wallet software?
- The software includes KYC/AML compliance, transaction monitoring, and secure storage solutions.
- How can I ensure my custodial wallet is compliant?
- By integrating MNB compliance controls and working with legal partners for licensing.
- What is the expected timeline for developing a custodial wallet?
- The development timeline typically aligns with the CASP authorization process.