China Streamlines Cash Withdrawals, Removes Source Registration for Larger Transactions

China’s financial regulators have adjusted cash withdrawal regulations, aiming to enhance efficiency while maintaining anti-money laundering efforts. The move removes the source registration requirement for withdrawals exceeding 50,000 yuan, streamlining the process without compromising security. This change, effective November 29th, 2025, follows a shift towards balancing regulatory ease with financial market stability. According to the People’s Bank of China, this approach aims to enhance liquidity while preserving anti-money laundering measures. The impact on cryptocurrencies has been minimal, with experts noting potential positive effects on business operations and market growth.