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Crypto

Italy central bank tightens crypto screening to curb sanctions evasion linked to Russia and Iran

The Bank of Italy has told crypto asset service providers to strengthen sanctions screening for customers and transactions to prevent evasion of international financial sanctions. It issued supervisory guidance requiring internal policies, procedures and control systems to implement EU and Italian sanctions and to identify customers and transactions linked to sanctioned persons in crypto transfers. The move seeks compliance with existing EU rules and EBA guidance, amid concerns about Russia- and Iran-linked crypto activity.

Industry

Unitree IPO frenzy leaves question of when robots will do housework

China’s humanoid robot maker Unitree has pulled off a record-breaking IPO, but attention is shifting from flashy demonstrations to whether its robots can earn money in factories and homes. The company raised about $900 million and was valued at about 61 billion yuan, with heavy subscription demand. Analysts and filings point to limits in dexterity, durability and battery life, while high valuation and U.S. regulatory risks loom.

Crypto

U.S. CLARITY Act passage this year in doubt as bipartisan clash intensifies

A bipartisan clash is growing again over the U.S. Senate’s crypto market structure bill known as the CLARITY Act. Senator Cynthia Lummis rejected criticism from Senator Elizabeth Warren that the bill would create anti-money laundering loopholes, saying it includes more than 16 safeguards to block illicit flows. Warren said hostile foreign actors move billions through crypto networks and warned the bill could worsen the problem. Banks and other groups have also raised concerns over exemptions and competition issues.