Application of Criminal Law (Article 7 of the Criminal Law) If Chinese citizens commit acts that harm national security or China's major interests abroad (such as money laundering, fraud, cybercrime), even if the acts occur overseas, China has the right to hold them criminally responsible If it involves cross-border online fraud, cross-border money laundering (such as illegal fundraising and pyramid schemes using cryptocurrency), even if the servers and operating entities are overseas, as long as it affects investors or interests within China, the Chinese police may initiate investigations and issue red notices.