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So essentially - the only thing that seems to be

holding back the banks from full use of chainlink is "regulation". aren't the regulators pretty much in the pocket of the banks? Why hasn't regulation already moved to a place where banks can just pull the trigger and do the things they intend to do with CCIP - serious question

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Pee pee poo poo serious answer

Government moves slow, as does tradfi. At least in comparison to the 'move fast and break things' approach

No one will move to chainlink without testing the shit out of it and using limited scale to lower risk. It's several years until anyone gets the confidence to truly use it but when one does they all will

Da joos probably, I dunno

Dolan Kaflumph
No one will move to chainlink without testing the ...

This is something I’ve been wondering about, CRV was viewed as super secure and then a couple months ago they got exploited. CRV had tons of defi participation for years before their exploit

Link-Mane Автор вопроса

I get that but it seems like there are breadcrumbs of use like the citi bank tokenization and I guess just all the testing - but it seems like they would want regulatory landscape clear just in advance. Regulatory landscape never really seemed to affect ETH's price and adulation

Link Mane
I get that but it seems like there are breadcrumbs...

Probably because Eth had lionshare of usage in 2013-2017. Ico and token boom lead big price increase. Back then no one cared (from a regulatory perspective)

politics requires some time and grease and the institutions/banks were not in a rush while they work out how they want to approach things, when they feel like they are ready to scale up you will see the regulations suddenly pushed through

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