FameEX Morning Crypto News Recap | March 10, 2023

US Federal Reserve Chair Powell Shares Progress on Central Bank Digital Currency
https://www.fameex.com/en-US/news/crypto-trending-news-2023031001
Jerome Powell, the Chairman of the Federal Reserve, discussed the progress on the central bank digital currency (CBDC) during a hearing before the House Financial Services Committee. He mentioned that they are making advancements on the technological front, but emphasized the importance of addressing policy issues.

Register for Crypto Projects Launched by Lithuania
https://www.fameex.com/en-US/news/crypto-trending-news-2023031002
During a Senate hearing, Federal Reserve Chairman Jerome Powell acknowledged the risks associated with digital assets after his opening statement, which hinted at a possible increase in interest rate hikes, led to a decline in stocks. Powell told senators that he saw several risks when it comes to cryptocurrencies.

Blockchain-based eKYC platform to be developed by banks in Pakistan
Pakistan Banks' Association (PBA) has partnered to launch a blockchain-based electronic Know Your Customer (eKYC) platform for banking on a national level. The eKYC platform will provide customers with an efficient and secure digital identification verification process, reducing the fraudulent activities in the banking sector. PBA plans to make the platform available to all banks in Pakistan, improving customer onboarding and strengthening the country's banking sector.

Expert Economist Claims Federal Reserve's Battle Against Corporate Greed is Futile
Bitcoin critic, Peter Schiff, has agreed that increasing interest rates is not effectively curbing inflation. Schiff has suggested that crypto investments should follow a different narrative, implying that investing in digital assets like Bitcoin could provide a hedge against inflation.

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