These companies will continue to bend the knee to regulatory pressures, otherwise they wont be permitted to do business in said countries. Dont be surprised at anything they comply with after being told so by their masters.
You are right, companies have to comply with the government; otherwise, they will be forced to move out, just like the USA did with Binance, while Coinbase and Binance were sued by the SEC for the same case of illegal trading of securities, which was not considered a security by the SEC, so they sued both. I covered the reasons why this issue arose, but the thing is, they allowed Coinbase to continue providing their services while forcing Binance to move out.
The reason was the the same, Binance was not following the instructions of the masters, or maybe they might not be accepting them as masters, and they really did well. Although the the banking sector has been used for ML for a long time, they are just after BTC or mixers because they know their control over people's money is less than before, so they are going against it. You should check out the Patriot Act by FinCen, it will give you some idea of of what FinCen has on their minds.