Buying / Selling of Currency is a gray subject.
What constitute BUYING / SELLING a currency?
Strictly speaking, when BUYING a BREAD, you'd use the currency in your country to purchase. And when SELLING the same, you'd collect the currency of your country.
However, when BUYING/SELLING a forex position, as long as you do not involve your local currency, IT IS NOT considered BUYING/SELLING.
ie, when you go LONG EURUSD, or SHORT USDJPY etc, as long as this transaction does not involve your local currency, then it is NOT ILLEGAL as the ruling describes.
The main purpose of the aforementioned PRESS STATEMENT is to prevent people/groups of people to manipulate the rate of your local currency to prevent the 1997 Asian Financial Crisis.
What constitute BUYING / SELLING a currency?
Strictly speaking, when BUYING a BREAD, you'd use the currency in your country to purchase. And when SELLING the same, you'd collect the currency of your country.
However, when BUYING/SELLING a forex position, as long as you do not involve your local currency, IT IS NOT considered BUYING/SELLING.
ie, when you go LONG EURUSD, or SHORT USDJPY etc, as long as this transaction does not involve your local currency, then it is NOT ILLEGAL as the ruling describes.
The main purpose of the aforementioned PRESS STATEMENT is to prevent people/groups of people to manipulate the rate of your local currency to prevent the 1997 Asian Financial Crisis.