According to ChainCatcher, Lithuania has imposed a record fine of 9.3 million euros (about 10.1 million U.S. dollars) on the crypto company Payeer for sanctions and money laundering violations.

In a statement released on Tuesday, 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 pointed out that Russian individuals and legal entities were "given the opportunity to obtain cryptocurrency wallets, account management or storage services."