Lithuania has levied a record €9.3 million (about $10.1 million) fine on crypto company Payeer for sanctions and money laundering violations, CoinVoice has learned.
In a statement released on Tuesday, the Lithuanian Financial Crimes Investigation Bureau said that Payeer allowed Russian customers to "transact in rubles by transferring funds from Russian banks subject to EU sanctions." The statement noted that Russian individuals and legal entities were "given access to cryptocurrency wallets, account management or storage services." [Original link]
