Zondacrypto Hit With Investor Warning by Estonia Financial Regulator
Cointelegraph
Estonia's financial regulator issued an investor warning against Zondacrypto for failing to comply with European Union transparency requirements under the MiCA framework.Summary
Estonia’s Financial Supervision and Resolution Authority (FSA) has issued an official investor warning to BB Trade Estonia OÜ, the operator of the Zondacrypto exchange. The regulator states that the company failed to provide a white paper for the “TeamPL” crypto token on its website, violating Article 9 of the EU’s Markets in Crypto-Assets (MiCA) regulation. This warning coincides with broader concerns regarding the exchange, including an ongoing investigation by Polish authorities and reports of user withdrawal issues following the disappearance of the platform's founder, Sylwester Suszek.
(Source：Cointelegraph)