Author: Cointelegraph By Arijit Sarkar

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WEF backs ‘Sandbox-first approach’ for DeFi adoption

The World Economic Forum recommended using regulatory sandboxes to foster decentralized finance innovation while mitigating risks. Source link

Crypto phishing scams drained $46M in September

Over $127 million was stolen in Q3 2024 due to phishing attacks, with September alone seeing losses of $46 million. Source link

Vietnam police bust crypto scam ring linked to offshore actors

Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims. Source link

Brazil tests DeFi elements, compatibility in Drex CBDC pilot

Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability. Source link

Aptos Labs enters Japan through HashPalette acquisition

Aptos Labs’ acquisition of HashPalette positions the company to integrate Japanese businesses into its blockchain ecosystem and expand Web3 innovation. Source link

Fidelity Ethereum ETF records largest daily outflows since launch

The Fidelity Ethereum Fund recorded outflows of $25 million on Oct. 1, the highest daily record among US-based spot Ether ETFs, excluding Grayscale. Source link

Ripple receives in-principle license approval in Dubai

Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE. Source link

September 2024 crypto hacks surpass $120M, centralized exchanges hit

Cryptocurrency hacks in September totaled over $120 million, with centralized exchanges BingX and Indodax accounting for more than half. Source link

Hong Kong to align crypto OTC derivative rules with European standards

Hong Kong regulators will align their crypto OTC derivatives reporting with ESMA’s standards, including the use of Digital Token Identifiers. Source link

Sweden sees crypto exchanges as professional money launderers

Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles. Source link