An unintended consequence of AML regulation: making operating an honest business more difficult and forcing them into become more shady operations or be outcompeted by those who do. Same problem faced by Tether.
And as for Bifinity, please read https://www.reuters.com/technology/binances-books-are-black-.... One relevant part:
> Bifinity, whose annual report said it has 147 employees, does not have a website or publicly provide any contact details. The company's chief executive, Saulius Galatiltis, did not respond to requests for comment. At its registered address at a business centre in Lithuania's capital Vilnius, Bifinity is not listed on the tenants' board.
This is not the first time a Binance organization has claimed to be filing from / regulated in a particular country or location, but when anyone actually tries to look into it there's nobody there or the registration was withdrawn.