Im not sure if this should be in finance or here, but recently reports have come out that China has (or is aiming to) ban trading of cryptocurrencies. Colloquially as an America this means to me: Nobody can buy crypto Is this accurate?
Am I wrong in this interpretation? Is it, instead:
Nobody can register as a day trader (which in the US comes from trading a security multiple times a day and requires a certain balance), but buying and selling as regular investment is still allowed?