TL;DR
- The Financial Intelligence Unit of Estonia blocked the acquisition of new customers and the receipt of deposits on the platform starting Monday, May 18, 2026.
- The operating company has a strict deadline of 30 calendar days to correct the regulatory deficiencies flagged by the supervisory authorities.
- The Estonian Financial Supervision Authority issued a prior warning on May 8 due to the listing of a token without its respective whitepaper.
Flaws in regulatory compliance were detected, and the European regulator immediately suspended, on a partial basis, the operating license of the firm behind the Zondacrypto exchange. The Financial Intelligence Unit (FIU) of Estonia notified the direct administrative restriction against the company BB Trade Estonia OÜ.
Precautionary measures and regulatory adaptation deadlines
The official resolution explicitly prohibits the financial entity from acquiring new users within the EU space.
Additionally, they imposed a veto on the entry of any kind of deposit into its bank accounts or control wallets. The FIU documentation indicates that the measures seek to safeguard the integrity of users within the regional ecosystem.
According to the issued ruling, current customers retain the right to withdraw their stored funds from the platform in a standard manner.
The laws of the Baltic jurisdiction obligate the supervisory body to permanently revoke the commercial authorization if the firm fails to address the requirements within the established period. Regulatory reports indicate that the company has a strict 30-day window to align its internal protocols with the legal standards required in the region.
Technical scrutiny and market environment under MiCA
These restrictions coincide with operational issues reported by the management of the brand, which began its commercial activity in Poland during 2014 under the name BitBay.
Statements attributed to the organization’s CEO indicate that a corporate cold wallet is temporarily inaccessible. The device safeguards approximately 4,500 Bitcoin, a figure valued at $345.9 million according to prices recorded during the market supervision sessions.
Additionally, the Estonian Financial Supervision Authority (FSA) issued a public warning on May 8, 2026. The institution’s technical report contends that the TeamPL token, listed by this operator, violates the European Union’s Markets in Crypto-Assets (MiCA) Regulation by lacking a registered whitepaper.
Commercial data revealed by the platform CoinGecko reflects that the exchange’s current trading volume remains at levels close to zero following the dissemination of the sanctions.
At a political level, Polish Prime Minister Donald Tusk linked the firm’s activity to approximately 30,000 potential affected parties by financial losses in Polish territory, a market where the brand concentrates its largest customer base.
In contrast to the partial halt of this digital asset operator, Estonian authorities approved a full MiCA license for LHV Pank, one of the country’s leading traditional banking institutions, consolidating the advancement of standardized banking frameworks over unregulated platforms.
