George Samman
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One of the bigger trends in the blockchain world, particularly when it comes to financial services and specifically capital markets operations, has been a need for privacy and confidentiality in the course of daily business. This has meant that blockchain solutions are being designed with this primary need in mind. This has led to all the private blockchain solutions being developed today.
This article is inspired by a question I asked to Bradley Leimer, Head of Innovation at Santander Bank. The question asked the following, "What are the onboarding costs of new customers for banks when opening new accounts?"
The Chinese Renminbi has been approved by the IMF for inclusion in the basket of currencies that make up Special Drawing Rights (SDRs). The other currencies include the US Dollar, the English Pound, the Japanese Yen and the Euro.
According to a recent [report](http://www.cgdev.org/sites/default/files/CGD-WG-Report-Unintended-Consequences-AML-Policies-2015.pdf) by the Center for Global Development, extreme regulatory and cost pressures caused by regulation has caused financial institutions to stop servicing areas which are deemed extremely high risk.
