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Lithuania fines cryptocurrency firm Payeer $10.10 million

Lithuania has fined crypto firm Payeer a record 9.30 million euros (about $10.10 million) for sanctions and money laundering violations. The Lithuanian Financial Crimes Investigation Agency said in a statement that Payeer allowed Russian customers to "transact in rubles by transferring funds from Russian banks sanctioned by the European Union." Russian individuals and legal entities were given "access to cryptocurrency wallets, account management or storage services," the statement said.