LitePay project was created to offer LitePay debit cards and wallet that would allow users to convert Litecoin into USD and was planned to be launched in February this year. LitePay CEO Kenneth Asare raised concerns earlier this month when the fund refused further funding of the project and failed to provide a satisfactory picture of where the money had been spent. The project’s activity was suspended by the Tax Office for non-compliance with tax claims since then.