Estonian regulator issues warning to Zondacrypto for violating MiCA whitepaper disclosure requirements

According to Finance Feeds, the Estonian Financial Supervision and Resolution Authority (EFSA) has issued an investor warning against BB Trade Estonia OÜ, the operator of the Zondacrypto exchange, for failing to publish a white paper for the “TeamPL” token listed on its platform, as required under the EU’s Markets in Crypto-Assets Regulation (MiCA). This constitutes a violation of Article 9(1) of MiCA, which mandates transparency and investor disclosure obligations. This latest warning—coming amid previously reported withdrawal difficulties and ongoing cross-border investigations—continues to intensify regulatory pressure on the exchange.