According to Ugo Panizza (prof. Int. Economics. Pictet Chair in Finance and Development; Director, Center for Finance and Development, Graduate Institute Geneva): "Large international banks play a key role in small countries as they serve as "Correspondent" banks that clear smaller banks' foreign-currency transactions. However, higher compliance costs linked to Anti-Money Laundering/Combating the Financing of Terrorism ("AML/CFT") are pushing international banks away from countries where compliance costs surpass potential profits. This process, known as "de-risking" has left many countries without a correspondent bank or with just one correspondent bank. De-risking limits financial inclusion and entrepreneurship in countries that need it the most and increases the cost of sending remittances to these countries. Can cryptocurrencies help? What are the opportunities? What are the challenges? More in general, what is the role of cryptocurrencies in promoting financial inclusion and financial stability in the poorest countries?" All these questions have been raised during the panel discussion.