They are pretty much the same as other content moderation around the world. There is some government body that determines their own content moderation policy then requires companies to implement it. Same as the EU, Brazil, etc.

I think a lot of westerners trust the EU government to use better judgement, and maybe they are even correct, but the fundamentals of the law are pretty much the same.

The biggest difference is these large companies dont really care that much about business in Nepal.