Later, find the "CLSID" and click on it.
On the right pane, locate the registry key of LocalizedString and press enter. The Screen above will be shown.
Change the of the default value above to name that you like eg. "Garbage Bin". Without Quote.
Then press Ok. Close the Registry Editor and then refresh your desktop by pressing "F5", then you should be able to see the new name for your recycle bin.
Have a nice day^^,