It's interesting how this is described as a potential "bureaucratic nightmare". Having to follow the law of the country your doing business in has been standard operating procedure for, well, basically all of human history.
Somehow the tech industry seems to think it should be exempt from that, even if it means being allowed to piss all over the basic civil rights of citizens of modern Western democracies.
Yes, this is a problem that needs to be solved given the reality modern cross-border online services. But it can't be solved by the corrupt political elite simply selling their citizens hard fought rights to corporations operating from countries that lack respect for such rights.