According to Bloomberg, Payeer, a crypto company registered in Lithuania, was fined 8.24 million euros by Lithuania for violating international sanctions and 1.06 million euros for violating anti-money laundering laws. The Lithuanian Financial Crime Investigation Bureau said that Payeer allowed Russian customers to "transact in rubles by transferring funds from Russian banks sanctioned by the European Union." The statement said that Russian individuals and legal entities have the opportunity to obtain cryptocurrency wallets, account management or storage services.