Yes but we should be reminded that this also allows people to be protected from government overreach.

If you say something the Chinese government does not agree with they can choose to take all your money and control of your company instantly. Not just oligarchs although those are the bigger targets due to the high value.

Even a small business owner could THEORETICALLY have their assets and equity seized for saying something which goes against the current ruling party, and this is not specific to China it could happen in any modern country.

Crypto allow someone to distribute their wealth in a way where they can be free to speak their mind and still protected even if the country which their business is based out of decides to take action against them.