In the US not all licenses are transferable, and that includes things like “accounts”.
That's maybe a service that you can't transfer but it's still holding property of the account holder. More like escrow.
As to lawyers, well, they aren't hiring lawyers to follow the intent of the law but to write terms that they think they might get away with, at least for a while, and if not, not be nailed for fraud or such. Corporate lawyers are just as slimy in the EU as they are elsewhere.
I'd like to note for the record that I downvoted you not for using the term "racist", that definitely seems to be an accurate assessment, but for saying "European". For one, a European racist wouldn't care about Canada, for two, Indians aren't really a large or noticeable or denigrated immigrant group anywhere in Europe but maybe the UK, and for three, UK racists wouldn't care about "the continent".
No, what we're looking at here seems to be a Canadian racist. They can keep them.