Lithuanian blockchain startup Vixichain announced the completion of $7 million financing, investor information has not been disclosed, the company mainly for traditional financial marekt, promote institutions to participate in public blockchain, the new funds will support its accelerated launch of development network DevNet and mainnet and establish a strategic alliance with Financial Institution Group.
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.