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It sounds like they aren't basing it on how much regulation the jurisdiction has, but whether the jurisdiction brings in enough revenue to justify reviewing the regulation in the first place. Even if there is no regulation, you need a lawyer to tell you that.

What's the threat of not loving up to their regulation when not being located there? Isn't the worst scenario that they just block your website on their end?

This is a blanket ban of multiple countries. It's most likely something very unspecific and probably unrelated to local regulation situation. Also fanbyte seems to be an influencer marketing platform. If they wont serve influencers in these countries anyway, it makes sense for them to block all users from there to stop messing up their metrics or targeting or whatever.

This isn't really much value to most people. If you ask me the less influencer crap that exists in this world, the better.

Yeah actually I completely forgot about that too somehow. And there are strict libel laws as well