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Hungary vs Turkmenistan

Crypto regulation comparison

← Back to map | Hungary | Turkmenistan
Hungary

Hungary

Turkmenistan

Turkmenistan

Legal
Legal

Cryptocurrency is legal in Hungary and subject to a 15% personal income tax on gains. Hungary follows EU regulatory frameworks including MiCA. The MNB supervises crypto service providers, and the country has a growing blockchain and crypto ecosystem.

Turkmenistan enacted the Law on Virtual Assets effective January 2026, legalizing crypto exchanges and mining under Central Bank licensing. Crypto is treated as property, not legal tender.

Tax Type Capital gains
Tax Type None
Tax Rate 15%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator MNB (Magyar Nemzeti Bank)
Regulator Central Bank of Turkmenistan
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules Regulated under Virtual Assets Law
Key Points
  • 15% personal income tax on crypto gains
  • Additional social contribution tax may apply to certain crypto income
  • MNB supervises VASPs for AML/KYC compliance
  • MiCA framework applicable from December 2024
  • Hungary's tax rate on crypto is competitive within the EU
Key Points
  • Law on Virtual Assets enacted November 2025, effective January 2026
  • Crypto exchanges and mining require Central Bank licensing
  • Crypto treated as property, not legal tender
  • Banks prohibited from directly providing crypto services
  • Low electricity costs attract mining operations
Sources
Sources