FinCEN withdraws unhosted wallet rule as Remittix expands
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
Techbullion.com reports that the US Financial Crimes Enforcement Network withdrew a proposed rule requiring reporting and identity verification for certain unhosted wallet transactions. This policy shift removes specific reporting duties for financial institutions handling these transfers, though existing obligations for exchanges remain in place. Bitcoin Cash benefits from this clarity, reinforcing its narrative around self-custody and low-friction payments.
Meanwhile, Remittix is expanding its ecosystem with a live iOS wallet and a planned unified experience connecting PayFi, Markets, and Earn functions. The company has recorded over 10,000 downloads of its iOS wallet and launched a Markets platform with $50 million in cumulative trading volume. One thousand existing RTX holders have been invited to test PayFi’s EUR and USD crypto-to-bank options.
Remittix aims to create a journey where users control assets, trade them, and convert them to fiat within a single app. The project has raised over $32 million from more than 40,000 presale participants toward a $36 million cap. RTX tokens are intended for settlement and staking as the ecosystem grows. The token is scheduled to debut on November 24 at a final tier price of $0.46.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 8 October 2026. Not the outlet's figures.
BCH is trading at $300.30 with a 24-hour spot volume of $13,846,787. The 24-hour buy ratio stands at 48.1%, indicating a slight imbalance toward sellers over the full day. However, the 4-hour buy ratio has risen to 54.3%, suggesting that buying pressure is building in the short term compared to the longer view. The 1-hour buy ratio is lower at 47.0%, showing that immediate flow is currently seller-dominated. Volume delta reflects this shift, with a positive $62,085 over 4 hours contrasting with a negative $16,241 over the last hour. Over 24 hours, the net volume delta is -$519,890, and cumulative volume delta closed at -$92,680, indicating net selling pressure over the day.
The latest daily buy ratio of 54.1% sits at the 75th percentile of the last 322 days, against a median of 50.8% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BCH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.9%, making today’s 24-hour ratio of 48.1% 3.8 points lower than the weekly norm. Spot volume today is 1.17 times the weekly average, indicating unusually high activity for this period. While the weekly volume delta was positive at $2,138,984, today’s 24-hour delta is negative, showing a reversal in net flow direction. The price has declined 1.9% over the eight-day period, despite the elevated trading volume. This suggests that while interest is high, sellers have been able to absorb the increased buying over the longer timeframe.