In addition, from a more realistic/practical scenario, most physical possessions are not useful outside of your legal jurisdiction in that you cannot easily use them yourself.
And there's a significant issue with digital assets (as with money, in fact), that large companies shift them over international borders in order to evade the law, that simply doesn't exist in the physical possession space.
For example, I believe it's been accused that some tech companies shift user data overseas explicitly so that they can then deny fulfilling legal warrants on the grounds the data is not stored in the same country, or any number of tax evasion schemes designed to store and transfer money through countries with favorable tax laws.
Yet, because I am still a Russian citizen, this law effectively requires Facebook to store my personal data on Russian servers. Including such data that has been generated in the last several years of me living elsewhere (which is, in fact, all of it - I didn't even have an FB account until I moved).
How does this make any sense?
If there is a problem with the government, the solution needs to be to fix that government, not try to evade it or operate outside of it.