Estonian exchange Coinmetro files for bankruptcy

Estonian exchange Coinmetro has filed for bankruptcy and restructuring, citing the collapse of several of its financial service providers and pressure from the European Union's Markets in Crypto-Assets (MiCA) regulation, Protos reported. Coinmetro, which has suspended deposits and withdrawals since June 22, is also facing a lawsuit to return $1.2 million in assets transferred from the previously bankrupt Prime Trust.