Estonia’s FSA issues investor warning for Zondacrypto exchange over MiCA violation
Estonia’s financial regulator issued an investor warning to Zondacrypto for violating MiCA regulations by listing a token without the mandatory white paper.Summary
Estonia’s Financial Supervision and Resolution Authority (FSA) has issued an investor warning against BB Trade Estonia OÜ, the operator of the Zondacrypto exchange. The regulator cited a violation of the EU's Markets in Crypto-Assets (MiCA) framework, specifically for listing the "TeamPL" token without providing a publicly accessible white paper as required by Article 9(1).
This regulatory warning adds to the exchange's existing legal challenges, as Polish authorities are currently investigating Zondacrypto following numerous customer complaints regarding withdrawal delays. Reports indicate that users are struggling to access funds, with particular concern surrounding an inaccessible cold wallet reportedly holding 4,500 BTC.
(Source：Crypto Briefing)