Just as an additional highlight, from 3:
任何所谓的代币融资交易平台不得从事法定货币与代币、“虚拟货币”相互之间的兑换业务
法定货币 means literally "Legal currencies", 代币 means Tokens and “虚拟货币” means cryptocurrencies
So... exchange between fiat and tokens OR cryptocurrencies are officially banned. Even if the cryptocurrencies themselves are not banned, such action serves a great blow nevertheless.
No possibility that this means "no token/crypto or token/fiat trading?"
Did someone forget to tell the Chinese exchanges? Because their BTCCNY tickers are all chugging away normally right now. If cnLedger says that this doesn't affect cryptocurrencies, then I'm not jumping to the opposite conclusion yet.
In the FT's coverage of the story, they also seem to refer only to ICOs (the "cyber currency fundraising mechanism"), not assets like BTC:
I've updated my previous reply. Actually you did make me found something I am not quite sure about. Interesting though...
与 serves more as "and" and 、serves more like a symbol combining the latter two terms into one single term. So it should be "no fiat/token or fiat/crypto trading" (source: I am a native speaker of Chinese)