Estonia FIU Partially Suspends License of Zondacrypto Operator

BB Trade Estonia OÜ, which operates under the Zondacrypto brand, has had its license partially suspended by the Financial Intelligence Unit.

Following the decision, the company is no longer allowed to onboard new clients or accept deposits. However, existing users can still withdraw their funds, meaning limited services remain available during the suspension period.

In the next step, the regulator has given the firm 30 days to meet all legal and compliance requirements. If it fails to do so within that deadline, authorities have indicated that the operating license will be revoked. The FIU did not specify which compliance issues triggered the partial suspension.

This action comes at a time when Zondacrypto is facing growing regulatory scrutiny across Europe, including concerns over withdrawal-related issues and reports from its CEO about an inaccessible cold wallet holding around 4,500 Bitcoin.

Source: FIU Estonia