Estonia’s FIU has partially suspended BB Trade Estonia OÜ’s license, giving the Zondacrypto operator 30 days to fix compliance issues or risk full revocation.
A European regulator has partially suspended the operating license of the company behind troubled crypto exchange Zondacrypto.
The Financial Intelligence Unit (FIU) of Estonia partially suspended the license of BB Trade Estonia OÜ, operating under the Zondacrypto brand, according to a statement on Monday.
According to the FIU, the company is now barred from accepting deposits and onboarding new clients, while existing users are still allowed to withdraw their funds.
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