Why did Estonia suspend Zondacrypto’s operating license?

Financial Intelligence Unit of Estonia partially suspended the license of BB Trade Estonia OÜ, the operator behind Zondacrypto, over compliance concerns. The regulator said the company now has 30 days to fix the issues or risk losing its license completely.

What restrictions has Zondacrypto faced after the suspension?

The exchange can no longer accept new deposits or onboard new users. Existing customers are still allowed to withdraw funds from the platform during the suspension period.

Did Estonian regulators explain what rules Zondacrypto allegedly violated?

No specific compliance breaches were publicly disclosed by the FIU. However, regulators previously warned that Zondacrypto-linked TeamPL tokens may have violated the EU’s MiCA rules because they were listed without a required white paper.

What is MiCA and why does it matter for crypto exchanges?

MiCA, or the Markets in Crypto-Assets Regulation, is the European Union’s crypto regulatory framework. It sets rules for token listings, disclosures, licensing and investor protections across EU crypto markets.

Why has Zondacrypto faced broader scrutiny in Europe?

The exchange has faced concerns over withdrawal issues and reports that a cold wallet containing roughly 4,500 bitcoin became inaccessible. Polish officials have also raised questions about possible links to Russian capital and political influence.

What did Polish Prime Minister Donald Tusk say about Zondacrypto?

Donald Tusk previously referenced around 30,000 potential victims tied to crypto-related losses during broader discussions around the exchange and crypto regulation in Poland.

Can existing Zondacrypto users still withdraw their crypto?

Yes, according to Estonian regulators, existing users can still access withdrawals despite the partial suspension. However, traders will likely monitor whether operational conditions worsen if the company fails to resolve compliance issues.

Why is the 30-day compliance deadline important?

If Zondacrypto fails to meet regulatory requirements within 30 days, Estonian law could force regulators to revoke its operating license entirely. That could severely impact the exchange’s ability to continue serving EU customers.

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Estonia suspends Zondacrypto operator licence

Written by Mahathir BayenaPublished May. 20 2026Last Updated May. 20 2026

Financial Intelligence Unit of Estonia partially suspended the operating licence of BB Trade Estonia OÜ, the company operating under the Zondacrypto brand.

The regulator said the company is no longer allowed to accept deposits or onboard new customers, though existing users can still withdraw their funds from the platform.

“If it fails to do so, the law obliges the FIU to revoke the operating licence,”

The regulator said, giving BB Trade Estonia OÜ 30 days to address compliance deficiencies.

The FIU did not specify which compliance violations led to the suspension, though the action follows broader scrutiny surrounding Zondacrypto after withdrawal issues and earlier comments from company leadership that an exchange cold wallet containing roughly 4,500 bitcoin had become inaccessible.

Estonia’s Financial Supervision and Resolution Authority previously warned in May that Zondacrypto-linked TeamPL tokens breached the European Union’s MiCA framework because they were listed without a required white paper.

The exchange has also become part of a wider regulatory debate in Poland after officials raised concerns over potential links to Russian capital and political influence, while Polish Prime Minister Donald Tusk previously referenced around 30,000 potential victims tied to crypto-related losses.

Market data from CoinGecko showed little to no recent trading activity on the exchange at the time of publication, while attempts to contact Zondacrypto reportedly failed after company staff departures linked to earlier developments.

Founded in Poland in 2014 as BitBay, Zondacrypto has operated through its Estonian registration since 2019, while Estonia’s banking sector continues advancing under the EU’s MiCA framework after LHV Pank received a MiCA licence this week.

At the time of reporting, Bitcoin price was $77,092.74.