Core Viewpoint - The recent adjustment in bank deposit and withdrawal rules aims to enhance customer privacy by eliminating the requirement for individuals to declare the source of cash withdrawals exceeding 50,000 yuan starting January 1, 2026 [1][11]. Group 1: Regulatory Changes - The new regulation, effective from January 1, 2026, will no longer require individuals to register the source and purpose of cash withdrawals over 50,000 yuan [1][11]. - This change follows a previous regulation from February 2022 that mandated financial institutions to understand and register the source and purpose of large cash withdrawals, which faced public dissatisfaction regarding privacy concerns [3][5]. Group 2: Impact on Banking Operations - The previous cash withdrawal registration system was met with dissatisfaction from customers, who felt it infringed on their personal freedom to access their own funds [5]. - The banking sector faced significant operational burdens, processing approximately 210 million transactions annually that exceeded 50,000 yuan, necessitating substantial human and financial resources [6]. Group 3: Shift in Regulatory Approach - The new approach transitions from a "one-size-fits-all" regulatory model to a "precision management" strategy, focusing on high-risk individuals rather than applying blanket rules to all customers [9][11]. - The rise of digital currency, which offers traceability for transactions, is expected to mitigate risks associated with money laundering and tax evasion, even as the cash withdrawal registration requirement is lifted [9][11].