There are few exchangers who got it. They paid a lot of money, insurance, compliance, they hired staff, rent, lawyers,audits and so on. The other ones like Bitfinex, Kraken, BTC-e do not own anything even the legislation from their countries requires that. Is it fair? I guess not....
out of all of your list of requirements.. there is only one thing that is actually consumer protection orientated. i made it bold
all the other stuff is internally created by the company and submitted to the regulators who just sit on it until they hear a complaint. and then only look backwards.
im not saying bitfinex kraken or btc-e are any worse or better... im saying as a whole.. people should care less about regulations which is 90% paperwork to hinder usage and only 10% consumer protection.
bitcoin businesses should definitely concentrate on the consumer protection side more then the paperwork hindering side.
once you yourself realise the details of regulations you to would laugh at the whole licence things. and instead prefer businesses protect their customers first, because regulations are not about protecting customers first.. once you actually read into it