Not only Russian or Chinese, you should open the bracket for any individual, organization or country that the western democracies will deem bad in their view. Or even have the any doubt of association with them. For example we can talk to many Muslims in the UK where no banks will grant them accounts (close account without notice) and how safe they feel [1]

Not that I am a crypto supporter, but the current western based financial system hegemony is good until you are have wrong name, religion, country... etc.

[1] https://www.bloomberg.com/news/features/2023-08-16/british-m...