So if I as an American were to be on vacation somewhere in Europe and logged onto your site to get the cloud wallet, do I still get coins? How can you be sure that I'm not European?
I think this is a clear cut case of you seeing other coin announcements getting bombarded with people asking what is so innovative about this coin and why should I buy into it, and wanting to have yours be innovative. So you say, "it's only available to Europeans who log on with an IP address resolved to somewhere in Europe... see! Innovative!" But it's really not.
European proxy or vpn also does the trick.