Your own wallet had a good start to the week. Washington dropped a six-year-old plan to track transfers into self-hosted wallets, and Chainalysis data shows 43 times as many Chinese wallets sending stablecoins straight to each other as in early 2024.
- FinCEN withdrew its 2020 self-hosted wallet proposal and a 2023 crypto mixing rule.
- $104.1 billion in stablecoins moved peer to peer across China in a single year.
- Businesses in 30 European countries can now apply for Bringin’s Bitcoin-ready euro accounts.
- Solana DvP, shaped with input from JPMorgan, settles trades in seconds with both sides moving at once.
Money keeps moving into wallets that people and businesses control, and the rules and tools around it are adjusting to match.
Treasury drops its self-hosted wallet rule
Source: The Block
FinCEN, the US Treasury’s financial crimes unit, withdrew two crypto proposals on October 5. The first, from December 2020, would have required banks and money services businesses to verify identities on transfers above $3,000 involving self-hosted wallets, and to report transfers above $10,000 to FinCEN.
The second, a 2023 plan to label international crypto mixing a primary money laundering concern, was withdrawn too. FinCEN said that rule risked “a chilling effect on legitimate activity” and acknowledged that lawful users of digital assets may use mixers for financial privacy.
Zypto take: For six years, sending money to a wallet you own sat under a proposal that treated it as something to report. With that plan gone, a self-hosted wallet is simply a place to keep your money. Zypto App keeps your keys on your own device across 20+ blockchains. Download Zypto App.
China’s P2P stablecoin wallets grew 43x
Source: Cointelegraph
Chainalysis data reported by Cointelegraph on October 5 shows the number of unique wallets sending peer-to-peer stablecoin transfers in China grew 43-fold between the first quarter of 2024 and the second quarter of 2026. These are self-custodied wallets sending stablecoins directly to one another, with no exchange in between.
In the year to June 2026, they moved $104.1 billion across 18.1 million transfers. Stablecoin balances in China turned over 33.2 times a year, against 9.3 times globally.
Zypto take: A balance that turns over 33 times a year is money in use, with each dollar changing hands about every 11 days. Wallet to wallet is where that kind of everyday movement lives, and the Zypto multichain wallet moves stablecoins across 20+ blockchains from one place.
Bringin opens euro accounts for Bitcoin firms
Source: Bitcoin Magazine
Bringin opened an invite-only beta of euro business accounts on October 6 for companies in 30 European countries. Each business gets a virtual IBAN in its own name for SEPA payments, and can accept Bitcoin, Lightning and stablecoin payments, pay suppliers and payroll in Bitcoin, and convert Bitcoin to euros instantly.
The accounts run on MiCA-authorized infrastructure from Lightspark Payments Europe. Fifteen businesses are in the pilot, including Lightning payment tools, mining-rig sellers and Bitcoin conferences.
Zypto take: A company that earns in Bitcoin still pays rent and salaries in euros, and one account that handles both makes Bitcoin easier to run a business on. Merchants who want to take crypto from their own customers can use Zypto Pay, with 0% merchant-side processing fees and settlement in fiat or 100+ cryptocurrencies.
Solana gets an open settlement standard
Source: Decrypt
The Solana Foundation released Solana DvP, an open-source escrow program that gives financial institutions a standard way to settle trades on Solana. Delivery versus payment means the asset and the cash move in the same transaction: both complete or neither does, with finality in seconds.
JPMorgan gave input on the design. Rhodel D’souza, its head of markets digital assets, called it “exactly the kind of foundational infrastructure institutional market participants require.” The code is MIT-licensed and has been through security audits.
Zypto take: Traditional trades take days to settle because a clearinghouse sits between buyer and seller, and here the code holds both sides and releases them together. That’s the settlement layer tokenized real world assets need to trade at any hour, and open source means any institution can pick it up.
Key Takeaways
- Washington has dropped its plan to make transfers into self-hosted wallets something banks report.
- In China, stablecoin growth is coming from people sending to each other directly.
- Bitcoin businesses are getting accounts built around how they earn and spend.
- Institutional settlement on Solana now has a shared, open standard anyone can use.
- From one person’s wallet to a bank’s trading desk, holding and moving your own value keeps getting more practical.
