Also what happens if your site is hosted in EU and they find out you aren't doing what they ask?
Will you have to pay some fee, will they take down your website without warning?
I'm just very curious and worried.

So really the fact that the servers are located elsewhere doesn't affect the application of the EU Directive where the website owner is based within the EU. Another guide to whether the Directive might apply would be if your website offers goods or services which are priced in Euros, for example.An organisation [or individual] based in the [EU] is likely to be subject to the requirements of the Regulations even if their website is technically hosted overseas. Organisations based outside of Europe with websites designed for the European market, or providing products or services to customers in Europe, should consider that their users in Europe will clearly expect information and choices about cookies to be provided.
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