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June 14th - This morning, the Songjiawan Downward Tunnel and the Pujia Gou Upward Tunnel, two key connecting tunnels located at Lezhi Station in Ziyang, Sichuan Province, were successfully completed, marking a crucial breakthrough in the hub connection project between the Chengdu-Chongqing Central Line High-Speed Railway and the Chengdu-Dazhou-Wanzhou High-Speed Railway. Lezhi Station is a newly built station and the only hub station connecting both high-speed railways simultaneously. The two connecting tunnels link the main lines towards Chengdu and Chongqing respectively, providing convenient conditions for trains to cross lines and turn around for traffic congestion relief.June 14th - According to US sources on the 13th, a US military fighter jet crashed on a mountain in Washington state, triggering a wildfire. The pilot ejected safely. It is understood that the F/A-18 Super Hornet fighter jet, belonging to the US Marine Corps, was conducting "routine training" before the crash.On June 14, it was reported that on June 13, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Mongolian Foreign Minister Battsetseg in Ulaanbaatar. Wang Yi emphasized that China is willing to work with Mongolia, under the strategic guidance of the two heads of state, to continue efforts towards building a community with a shared future of peaceful coexistence, mutual assistance, and win-win cooperation. Chinas foreign policy has always maintained continuity and stability, and China is willing to continue to be a trustworthy and reliable partner for Mongolia, providing sustainable support for Mongolias development and revitalization. Chinas 15th Five-Year Plan provides a comprehensive plan for high-quality development over the next five years and also offers the world a list of opportunities. The Chinese and Mongolian economies are highly complementary, and strengthening the alignment of development strategies is conducive to expanding cooperation areas, tapping cooperation potential, and promoting the economic and social development of both countries. China is willing to work with Mongolia to jointly build the Belt and Road Initiative with high quality, expand economic and trade cooperation, promote the improvement and increase of cooperation in various fields, and achieve more tangible results.June 14th - According to the China State Railway Group, from January to May this year, the national railway system transported a total of 1.67 billion tons of freight, with daily loading volume reaching a record high. Data released by the China State Railway Group shows that in the first five months, the national railway system transported a total of 1.67 billion tons of freight, a year-on-year increase of 1.8%; the average daily loading volume was 186,300 wagons, a year-on-year increase of 2.8%, with 202,400 wagons loaded on May 2nd, setting a new record for daily loading volume.According to Fox News: A senior U.S. government official said he believes an excellent and strong agreement has been reached.

UK Regulator Extends Registration Deadline For Few Crypto Firms

Cameron Murphy

Mar 31, 2022 11:19

The FCA has extended the provisional registration deadline for 12 cryptocurrency companies.

According to the UK's regulator, all other crypto companies must register by April 1.

Over 60 applications have been denied or withdrawn by the watchdog, which has approved 33.


The Financial Conduct Authority (FCA) of the United Kingdom stated that the provisional registration deadline for 12 crypto firms had been extended.


Temporary Registration Regime is a system that allows people to register for a limited

On March 31, the agency planned to cease its temporary registration system (TRR) for crypto-asset enterprises. According to the regulator, 12 companies on the temporary registration will be forced to stop operating if they do not receive approval by the deadline.


According to a regulatory update issued today, the 12 companies will be permitted to continue trading under temporary licenses until the extended deadline.


"Except for a tiny number of enterprises for which interim registration is necessary, the TRR will close on April 1."


However, the FCA cautioned that extensions might be required if a company files an appeal or has special winding-down conditions.


Revolt, Copper Technologies, Blockchain.com, and CEX.IO are among the companies having interim registration.


The authority has previously stated that without permanent licenses, crypto firms in the UK will be forced to close down by April 1. The regime's goal is to prevent money laundering and terrorism financing.


The financial body underlined that the extension of the registration deadline for the 12 crypto firms "does not signify that the FCA has assessed them as fit and appropriate."


The delay comes after UK legislators chastised the government for failing to meet the April 1 deadline. Earlier this year, a Treasury Committee report noted that crypto-asset registrations were "too delayed." "The FCA should not extend the registration deadline beyond March 2022," it stated. If there are no other options, the FCA should write to the Committee to clarify its position."


Cryptocurrency firms are being barred from operating in the United Kingdom.


The regulator's strict yet slow approach has prompted some crypto businesses to leave the nation, annoying the crypto community and users.


Out of over 100 crypto businesses that applied to register, the FCA has only authorized 33 of them so far. Over 60 businesses have been turned down or have withdrawn their applications.

Wirex, a cryptocurrency payment app, is the latest to withdraw its application from the FCA's temporary registration regime before the deadline.


"We decided some time ago to say'screw them,'" a crypto executive told the Financial Times of his company's decision to leave the UK and relocate somewhere in Europe. Over the years, I have been the FCA's biggest supporter. They were the industry's gold standard in terms of regulation. However, that is no longer the case."


Binance and its operations were kicked out of the UK in 2021 by the regulatory authority, which stated that it was not authorized to operate in the country.

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