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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.

Automotive

Tesla cybercab push as it debunks China FSD withdrawal rumors

Tesla denied rumours that it has withdrawn its push for Full Self-Driving (FSD) in China after Chinese social media posts claimed its Shanghai data centre had been emptied and local collaboration teams had pulled out. Tesla said the centre is operating normally and hiring for driver-assistance roles is expanding, but the timing of a broad China rollout remains unclear. China was not included in Tesla’s list of 12 markets for a supervised FSD subscription offer.

Industry

Samsung Electronics adds electricity bill cashback link to SmartThings

Samsung Electronics said on Tuesday it will run a two-month pilot programme, Smart Appliance Cashback, to encourage appliance use during periods of strong renewable power generation. Participants can receive 100 won per kWh, up to 300 won per hour, for using eligible appliances from 11 a.m. to 2 p.m. on weekends and public holidays. Cashback is provided via electricity bill deductions or refunds and can be linked through the SmartThings app.