Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News

Finance Minister François-Philippe Champagne just handed the $309B stablecoin market a rulebook: hold **100 % cash or cash-equivalent reserves**, redeem **1-for-1 in 24 hours**, and open your books monthly—or lose your license. Tabled Tuesday, Budget 2025 amends the Retail Payment Activities Act to drag every fiat-backed issuer (USDC, USDT, QCAD) under federal supervision for the first time. The Bank of …

Bybit Pay fired the starting gun on South Asia’s crypto-payment race Wednesday, flipping the switch on **100 live merchants** across Sri Lanka in a single morning. Fifty Android POS terminals now blink in Colombo cafés, Kandy boutiques, and Galle surf shops, while 50 e-commerce sites quietly added USDT checkout buttons overnight. Scan, pay, done—settlements hit wallets in **3 seconds flat**, …

The Trump administration doubled down Tuesday on its Oct 23 pardon of Binance billionaire Changpeng Zhao, insisting the clemency underwent a “thorough review” by DOJ lawyers and White House Counsel—hours after the president told 60 Minutes he has “no idea” who CZ is. “Every pardon moves through qualified attorneys with utmost seriousness,” Press Secretary Karoline Leavitt told reporters. “This was …

Asia’s markets opened in free-fall Wednesday, with Bitcoin smashing through the **$100,000 barrier** for the first time since June as a brutal risk-off wave erased **$1.4 billion** in leveraged bets overnight. The Nikkei 225 cratered **2.5%** to 50,212, SoftBank plunged 10%, and the Hang Seng clung flat at 25,935—mirroring Wall Street’s AI-led rout. Bitcoin hit an intra-Asia low of **$99,966** …

Gemini is quietly courting Wall Street quants and retail degens alike, drafting plans for **U.S.-regulated prediction contracts** that could let users wager on everything from Fed rate cuts to NFL playoffs, insiders tell CoinDesk. Three sources inside the Winklevoss-founded exchange say Gemini has hired two former Kalshi engineers and is stress-testing smart-contract logic on its private testnet. A launch teaser—code-named …