It's not like we can capitalize on commerce in China anyway, so I think it's a fairly pragmatic approach.
If it works for my health insurance company, essentially all streaming services (including not even being able to cancel service from abroad), and many banks, it’ll work for you as well.
Surely bad actors wouldn’t use VPNs or botnets, and your customers never travel abroad?
There are some that do not provide services in most countries but Netflix, Disney, paramount are pretty much global operations.
HBO and peacock might not be available in Europe but I am guessing they are in Canada.
In several European countries, there is no HBO since Sky has some kind of exclusive contract for their content there, and that's where I was accordingly unable to unsubscribe from an US HBO plan.