sad to but people are going short on bnb., page-3

short selling is not fully banned.

Exceptions to the short selling prohibition
RG 196.14 There are exceptions under the Corporations Act to the general prohibition
on short selling: see Table 1. A person seeking to rely on these exceptions
may have to comply with certain additional obligations, including:
(a) informing the financial services licensee that the sale is a short sale
(s1020B(5)); or
(b) selling at a higher price than the previous trade (known as the ‘up-tick
rule’, s1020B(4)(d)(iii)).
RG 196.15 If the sale is made on a licensed market, the operating rules may impose
additional requirements.