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The South Korean presidential office said on Sunday that South Korean President Lee Jae-myung will hold a summit with Japanese Prime Minister Sanae Takaichi next Tuesday.On May 17th, Hongqiao Holdings stated at its earnings conference on May 15th that, according to publicly available industry data, aluminum rod inventory has been continuously decreasing since mid-March 2026. This year, due to factors such as the later Spring Festival, the delayed off-season, and the impact of high aluminum prices on downstream restocking, the destocking pace of aluminum ingots has been relatively slow. However, recently, there have been signs of a marginal decline in electrolytic aluminum social inventory. The destocking trend still needs to be continuously observed in conjunction with subsequent downstream production, spot transactions, and delivery status. The relatively high level of aluminum ingot social inventory this year is mainly likely related to the following factors: First, the recovery of demand after the Spring Festival was somewhat delayed, leading to relatively cautious downstream delivery and restocking; second, the relatively high aluminum prices have had a certain impact on downstream procurement, resulting in a temporary accumulation of inventory in the upstream and distribution links; third, the inventory performance of different product forms varies, with the destocking pace of aluminum rods, aluminum ingots, and processed materials not being entirely consistent. Overall, with the continued release of downstream demand, there are signs of marginal improvement in aluminum ingot social inventory, but the specific timing and extent of destocking still depend on market supply and demand, price levels, and delivery schedules.May 17th - According to foreign media reports, US President Trump and Health Secretary Robert F. Kennedy successfully defeated Senator Bill Cassidy in the Louisiana Republican primary, demonstrating that Trumps control over the Republican Party remains solid despite unpopular wars and soaring gasoline prices. Decision Desk HQ predicts Cassidy will finish third in Saturdays three-way race. The candidates include Representative Julia Lightfoot, who has the support of Trump and PACs associated with Kennedy, and Louisiana Treasurer John Fleming. Lightfoot and Fleming are expected to advance to the runoff next month. Whoever wins the runoff will almost certainly secure victory in the November general election, as Louisiana is a deep red state with a significant Republican advantage. Trump has consistently accused Cassidy of "disloyalty," both because of his impeachment vote in 2021 and his opposition to some of Trumps policy agendas, particularly Kennedys vaccine and other health policies. In the current primary season, Trump is working to crack down on party members with whom he has disagreements.According to NBC News, Republicans Lighthizer and Fleming are expected to advance to the second round of the Louisiana U.S. Senate primary.On May 17, Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, issued important instructions on promoting the high-quality development of philosophy and social sciences. He pointed out that since the 18th CPC National Congress, the philosophy and social sciences front has earnestly implemented the decisions and plans of the CPC Central Committee, adhered to the principle of "combining theory with practice," and solidly promoted knowledge innovation, theoretical innovation, and methodological innovation, producing a number of valuable research results that have effectively served the overall work of the Party and the country. Xi Jinping emphasized that on the new journey, we must be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, uphold and strengthen the Partys overall leadership, deepen the systematic research and interpretation of the Partys innovative theories, accelerate the construction of an independent knowledge system for Chinese philosophy and social sciences, better answer the questions posed by China, the world, the people, and the times, strive to create a new situation of high-quality development in philosophy and social sciences, and contribute more wisdom and strength to Chinas modernization.

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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