More than a billion people globally are excluded from the formal financial system, including 8% of people in advanced economies - leaving people overly reliant on physical assets, operating only within the confines of the cash economy and susceptible to shocks and stressors that can weaken the fabric of the economy. Meanwhile, the 21st-century technology revolution is unlocking new opportunities for prosperity, while pushing the boundaries of existing regulations and physical borders. Against this backdrop, crypto proposes a radical shift in the financial system, with the potential to democratise finance while providing opportunities to enhance national security  But can crypto deliver on these promises? What role can it play in growing financial inclusion?  And, how can regulators, policymakers and industry work together to ensure innovation benefits every segment of society?

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