Cryptocurrency firm Payeer hit with record €9.3M penalty in Lithuania for Russian sanctions breaches

Payeer, a cryptocurrency firm, has been fined a record €9.3 million in Lithuania for breaching sanctions related to Russia. The penalty highlights increasing regulatory scrutiny on cryptocurrency companies and their compliance with international sanctions. This action by Lithuanian authorities underscores the importance of adhering to financial regulations and the potential consequences for firms that fail to do so.

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