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Using a VPN to pretend you are in a location you are not actually physically in, especially to make a purchase because of laws preventing you from being able to purchase said games (probably the ban on lootboxes) is a violation of the Steam Subscriber Agreement, yes.
Section 3-A...
https://steamhost.cn/subscriber_agreement/#3
Posting about wanting to do so publicly is also not wise. Valve can see deleted posts as well.
You did ask...
... hence, the point listed above.
legally and without possible consequences happening to your account, not really. Nothing we can help you with on the Steam forums.
And yes, it was banned due to the gambling laws in Netherlands and Belgium.