Lithuania Fines Crypto Firm Payeer $10.1M for Russian Trades

Lithuania—the seaside country—has fined Payeer, a crypto company, €9.3 million ($10.1 million) for financial sanctions and money laundering violations involving its Russian clientele. According to Bloomberg, the Financial Crimes Investigation Service (FNTT) under the Ministry of Internal Affairs of the Republic of Lithuania fined the Payeer, which is registered in Lithuania. Payeer to Pay €9.3 …

Source: CryptoNewsZ