Estonia Partially Suspends Zondacrypto Operator License

Estonian regulators have taken action against BB Trade Estonia OÜ, a company operating in the cryptocurrency space. The Financial Intelligence Unit (FIU) of Estonia has partially suspended the operating license of BB Trade Estonia OÜ, citing non-compliance with legal requirements.

The suspension imposes restrictions on the company's operations, including a ban on accepting new deposits and onboarded clients. However, existing users are still permitted to withdraw their funds from the exchange. The regulator has granted the company a 30-day compliance window to rectify its shortcomings.