Does blocking I/O or not is very much a property of the function itself, as is "may finish up running on a different thread from the one it started on" (or, if you prefer, "needs to be run under a runtime that provides that capability").

Sending a letter and getting a reply is an inherently async action; you can stare at the mailbox all day but you probably don't want to. Waiting in line at the bank is inherently sync; if you try to do something else and then come back they'll make you start over again.