Cancelling the channel's registration means having to register the videos separately.
"Live streaming on YouTube falls outside the scope of the Nintendo Creators program". In the past, the company would issue blanket DMCA claims on channels posting video footage of its games, then later, the Nintendo Creators Program was introduced, which was something of a compromise for YouTubers and Nintendo.
But some creators claim the measures-most of which are handled through algorithms and automated systems-have been applied arbitrarily and that YouTube hasn't exactly been transparent or responsive about why some videos are demonetized but others are not.
Unfortunately, a new restriction has begun for those involved in the Creators Program.
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That said, lets get to the streaming part. In either scenario, YouTube users who have grown accustomed to covering Nintendo content now have a number of hoops to jump through if that coverage includes any live video content. The problem with this is that video creators would have to submit those live streamed videos individually to Nintendo for review and they would have to regain their followers and subscribers all over again.
The main issue here for content creators is that live streaming is now one of the most viable ways to earn revenue through gaming content.
The next time you go to add an end card to one of your videos, you may see a notice saying "you'll need to enable your channel for monetization". This is most likely in direct response to the recent controversy regarding certain famous influencers like PewDiePie. However, it's also understandable that plenty of video creators are going to be frustrated about this change, especially those who run YouTube channels dedicated to Nintendo games. This will be true regardless of whether creators want to monetize these streams or not.