Britain and South Korea lead the cryptocurrency industry

· London establishes a store that only accepts cryptocurrency payments

According to Dailyhodl news, Reality Gaming is building a teaching-style encryption store in London that only accepts cryptocurrency payments like dash coin. Visitors will receive a Reality Clash Token (RCC) for free during the one-week store event. And they can use these tokens for the first cryptocurrency transaction to purchase the relevant merchandise for the company’s promotion.

Regarding why the store was founded, Reality Gaming co-founder Guy Pearce said: “London has been at the forefront of cryptocurrency, but we realize that many people have heard of cryptocurrencies but don’t know how to participate, or think to participate, you have to invest thousands of pounds.” He said that the store was built to celebrate the popularity of cryptocurrency and educate the public to use it.

· Korean insurance company provides hacking insurance for cryptocurrency

According to News.Bitcoin, South Korean insurance company Hanwha Insurance launched a new network insurance product this month, designed to compensate domestic cryptocurrencies for hacking damage. Hanwha Insurance said that exchanges like binance exchange may be reluctant to buy insurance if they do not provide sufficient compensation or insurance premiums are too high. The company added that even if the exchange wants to join, it still needs a lot of coordination.

· Uzbekistan establishes a cryptocurrency trust fund funded by the National Project Management Agency

According to Cointelegraph, a document published on the official website of the Uzbek government on September 2 showed that the country’s President, Shavkat Mirziyoyev, had ordered the establishment of a national blockchain development fund called the “cryptocurrency trust”. The fund’s goal is to integrate the blockchain into a variety of government programs, including healthcare, education and culture. The organization will also be responsible for investing in the digital economy industry in Uzbekistan. In addition to international loans and grants, the Digital Trust Fund will also be funded by the National Project Management Agency.

· Russian cryptocurrency and blockchain association renamed for broader management and construction

According to the RAKIB official website news, the Russian cryptocurrency and blockchain association officially changed its name to “Russian encryption industry and blockchain association”, and the English translation name RAKIB remained unchanged. Yuri Pripackin, president of the association, said that the move was to adapt to the crypto-economic revolution that is taking place in Russia. The name was adjusted because the management of the association gradually expanded, it was no longer just bitcoin currency and the cryptocurrency industry will also face problems in the field of encryption economy, and renaming is a must.