Estonia Suspends Zondacrypto Operator License
Cointelegraph
Estonia’s Financial Intelligence Unit has partially suspended the operating license of Zondacrypto’s parent company due to undisclosed compliance issues.Summary
Estonia’s Financial Intelligence Unit (FIU) has partially suspended the license of BB Trade Estonia OÜ, the operator of the Zondacrypto exchange. Under the suspension, the firm is prohibited from onboarding new clients or accepting deposits, though existing users may still withdraw funds. The company has a 30-day window to achieve regulatory compliance or risk a full revocation of its license. This action follows broader scrutiny regarding the exchange, including concerns over its "TeamPL" token compliance with MiCA regulations and internal issues involving inaccessible cold wallet assets.
(Source：Cointelegraph)