Same for traditional banking + if you happen to be a journalist ( or whatever ) living under an oppressive regime, they can freeze your assets on a whim, because you criticised the wrong people. If someone still prefers trusting a central authority, for whatever reason, they can still use something like coinbase.
If you're living under an oppressive regime, they can freeze turning your crypto into state-approved currency at a whim, and you have the same problem.