Earlier quoted context omitted.
This really isn't a difficult question to answer: You remove the smallest subset of content such that you are allowed to operate in the markets in which you plan to operate/have a business presence in/plan to visit.
That's an imaginary simplicity since there is no such thing: determining a subset requires very high certainty in the rules (to be able to apply them and not run afoul), which doesn't exist in any real legal system
No HN comment is ever going into the same depth as the output of a hundred plus lawyers. But the parent points in the right general direction.