Same Problem here with Win 7 Ultimate x64. I cant start the game; getting exactly the same error.
Reinstalled Win 7 and aquired a fresh new legit License for 15 € - but the problem persits, the Error is still exactly the same and i cant play. So its definitely not KMSpico related as it seems (or related to cracked versions in general).
Get this fixed asap Bungie. You still support Win 7 so we deserve top priority in this! Imagine what would happen when an update like this would suddenly prevent PS4-Users to play. Should they buy a PS5 then to be able to start the game again? Forcing us Win 7 users to install Win 10 is basically the same crap!
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They have in the past gone to great lengths to get console players back in game I'm sure