GDPR or HIPPA compliance

That’s true. But that’s not what enterprise grade customers would do. At least for those Storj has or should have good knowledge of how they are going to use the service.

As the EU satellite has so many accounts it could be that there a many many non enterprise grade customers using Storj DC for backups. EU could be reluctant in adopting new services. I am from Germany, so I know especially Germans and German companies are very reluctant and careful when it comes to cloud data storage. Maybe even the more restrictive data protection requirements could be a reason for general slower adoption here as Storj DCS has still no GDPR compliance certification.
But if you as a company know all such reasons you can tailor your product or market approach accordingly to cater for that. Generally speaking, knowing your customer is a key to success because then you know as a company what you should do and what you should not do.