SharePoint Online has a new block download file policy that stops users from downloading Teams meeting recordings. The policy applies to all sites and OneDrive for Business accounts in the tenant and is due to be part of the feature set covered by the Syntex-SharePoint Advanced Management license.
Applying a default sensitivity label to a SharePoint Online document library is just one of the set of security and management and governance features requiring the new Syntex Advanced Management license. The new license is in preview so all the features that it covers might not be fully baked. Microsoft 365 customers might well ask if this is yet another example of Microsoft bundling features into a new paid-for add-on license. Of course it is. You don’t expect new functionality for free, do you?