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Chainlink CEO Sergey Nazarov Believes Banks Will Create Their Own Blockchains and Connect to Public Blockchains

Chainlink's cross-chain interoperability protocol has been launched, allowing for the transfer of tokens between different blockchains. CEO Sergey Nazarov expects that banks and financial institutions will create their own private blockchains with stablecoins and DeFi protocols, which could benefit from using the CCIP.

Nazarov believes that the regulatory environment will eventually allow for the connection of private and public blockchains, but this will require further evolution of regulations. Chainlink is currently experimenting with financial institutions to explore these possibilities.

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