I’ve been running into compliance issues in Europe all the time. Often, after staying in a European country for just a month, the exchange forces me to undergo verification and requires me to leave Europe before my account can be unlocked... Actually, it’s not the exchange’s fault—regulation across European countries is the strictest in every industry... so licenses are even more precious than before. BP’s acquisition of FTX EU is essentially taking over its outstanding debts: while obtaining the license, it also takes over some of FTX’s European users—so it’s killing two birds with one stone.