Just keep away from anything made form China or Russia there are no laws there except the "law" their rulers have created to protect themselves and their government.
Those are scam heaven counties!
Russia still has laws against anyone who acts in a state scam. It is different from China which is a communist country where all rules are made by authorities and to protect it, as you say. Communist ideology has died in Russia, therefore China and Russia differ about law.
The number of scams in Russia is also not because there is no law, but in Russia there are too many crypto company developers and crypto players. Even Russia is not included in highest fraud country in world, but China is ranked third.