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What corporation gets a free pass from you?
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I don't buy the just-to-protect-us. Yes there was exploiting of regional price differences. They wanted to kill THAT. And they partially did. But if they can take advantage of being global, why can't we? If not for greed. They could've introduced limits on gifts. Like, as an e.g. Russian, I can only gift one gift to one distinct non-russian a month or so. Would still not kill the gifting but eliminate the trading.
I liked hoarding gifts to either redeem some day or just gift away. Being in one of the expensive countries makes it easy now, but not the other way round, which is highly unfair.
Never said they do that to protect us, it's to protect themselves and the publishers.
IIRC there were region restrictions but it was not enough
As far as i remember, there weren't restrictions. Could buy hundreds of games from e.g. Russia and be fine with it.