European Crypto Payment Bridge: Understanding Bifinity's Compliance Operating Mechanism

Key Points

• Bifinity, as a Virtual Asset Service Provider (VASP) registered in Lithuania, offers fiat on/off-ramp services for users in the European Economic Area
• Platform users must undergo strict identity verification and compliance checks to ensure adherence to the EU Fifth Anti-Money Laundering Directive (AMLD5) standards
• Bifinity fully complies with the AMLD5 framework, which is recognized as the gold standard of compliance among traditional European financial institutions
• The company is fully registered with the Lithuanian Financial Crime Investigation Department (FCIS) and meets local AML regulations
• Through this system, Bifinity ensures a transparent, traceable, and secure fiat transaction environment for users and partner banks

What is Bifinity?

Bifinity UAB is a provider of fiat trading solutions focused on the European market. As a formally registered Virtual Asset Service Provider, it offers compliant fiat services—including credit card purchases and SEPA euro transfers—by collaborating with traditional European payment institutions and banks.

This means that when users need to buy crypto assets with euros via credit card or withdraw funds from their wallets to bank accounts, Bifinity acts as a crucial link connecting traditional finance with the crypto world. To access these services, each user must become a Bifinity user, agree to its terms and conditions, and complete the necessary KYC (Know Your Customer) verification process.

How does the compliance framework facilitate fiat transactions?

The fundamental reason Bifinity can open fiat channels for users lies in its solid compliance foundation. The company’s compliance system is built around the EU Fifth Anti-Money Laundering Directive (AMLD5), which is the strictest regulatory framework for anti-money laundering in Europe and is widely recognized as the standard among traditional financial partners in Europe.

AMLD5 requires the establishment of robust anti-money laundering checks and customer due diligence mechanisms. Bifinity’s users must pass a series of checks before accessing fiat services provided by its banking and payment partners. These checks adhere to AMLD5’s core requirements and also comply with additional local AML regulations in Lithuania.

Since all of Bifinity’s European fiat partners hold the relevant service licenses, this multi-layer verification system ensures confidence when completing transactions—users know they have been fully verified according to AMLD5 standards. Bifinity’s design aims to provide a reliable and compliant fiat interaction method for crypto traders, differentiating the needs of fiat and crypto transactions, and facilitating seamless switching between the two financial worlds through close cooperation with fiat service providers.

Third-party audits and financial transparency

As a regulated entity, Bifinity undergoes regular financial audits by professional auditing firms, with annual financial statements publicly archived at the Lithuanian Register of Legal Entities. This transparency measure itself signals credibility to the market.

Notably, Bifinity received an “unqualified audit opinion” (uneingeschränkter Bestätigungsvermerk) in its audits for 2021 and 2022, which is the highest rating in auditing. An unqualified opinion indicates that auditors have confirmed the company’s financial statements contain no material misstatements and comply with generally accepted accounting principles. This also means that the financial statements objectively and fairly reflect the company’s actual financial position and operational results.

Obtaining an unqualified audit opinion demonstrates the company’s commitment to financial transparency, accuracy, and compliance with accounting standards, helping to build trust among investors, shareholders, and other stakeholders.

Final thoughts

As a secure, compliant, and audited entity, Bifinity plays an important bridging role between fiat transactions and the world of digital assets. By strictly adhering to AMLD5 regulations and local Lithuanian requirements, Bifinity guarantees transparent and verifiable operations for users and payment service providers, thereby establishing trust within the broader ecosystem.

The company primarily provides fiat trading convenience for European users, promoting accessible conversions between fiat and crypto, and vice versa. As the digital asset market matures, enterprises like Bifinity that focus on security, accessibility, and compliant trading are continuously advancing the global acceptance of digital assets.

Company Information: Bifinity UAB is a private limited liability company registered in Lithuania, registration number 305595206, located at Lvivo Street 25-104, Vilnius, Lithuania. The company is fully registered with the Lithuanian Financial Crime Investigation Department (FCIS) and the Register of Legal Entities, recognized as a virtual currency exchange operator and a virtual asset custodian for virtual currency wallets, fully compliant with the current laws and regulations of the Republic of Lithuania.