It's up to the central banks. Operating a registered company means playing within their system. For now, compliance just means KYC etc (and all registered companies comply). More rules will be added as Bitcoin adoption increases, these companies will not be allowed to transact with non-custodial wallets, for example. 

 Swan, WoS u may be right.

fuck it, I’ll take the Pablo bullshit bet🤙🏽😂 

 What happened to Swan? 

 FinCEN https://image.nostr.build/0d26d2209698f1e72cdfa855ea7f784053a804e38e80d6e126c5d572fe0dc818.jpg  

 Ah ok. Yeah to be expected. Very early stages of the criminalization phase.