President Biden nominates crypto skeptics as head of the World Bank

Von Krypto News Österreich

US-Präsident Joe Biden hat Ajay Banga zum neuen Chef der Weltbank ernannt – eine Führungskraft, die der Kryptoindustrie in der Vergangenheit kritisch gegenüberstand. Banga wird voraussichtlich bis Mai David Malpass als Präsident übernehmen. Der neue Präsident der Weltbank Wie in einem Weißen Haus beschrieben Stellungnahme Am Donnerstag ist Banga derzeit stellvertretender Vorsitzender des Wachstumskapitalunternehmens General Atlantic und war früher Präsident und CEO von Mastercard. „Ajay ist einzigartig gerüstet, um die Weltbank in diesem kritischen Moment der Geschichte zu führen“, schrieb Biden in seiner Erklärung. „Ajay ist in Indien aufgewachsen und hat eine einzigartige Perspektive auf die Chancen und Herausforderungen, mit …
US President Joe Biden has appointed Ajay Banga as the new head of the World Bank-a manager who was critical of the crypto industry in the past. Banga is expected to take over David Malpass as president until May. The new President of the World Bank as described in a white house on Thursday Banga is currently deputy chairman of the growth capital company General Atlantic and used to be president and CEO of Mastercard. "Ajay is uniquely equipped to keep the World Bank in this critical moment of history," wrote Biden in his explanation. “Ajay grew up in India and has a unique perspective on the opportunities and challenges, with ... (Symbolbild/KNAT)

US President Joe Biden has appointed Ajay Banga as the new head of the World Bank-a manager who was critical of the crypto industry in the past.

Banga is expected to take over as president by May David Malpass.

The new President of the World Bank

As described in a white house statement On Thursday, Banga is currently the deputy chairman of the growth capital company General Atlantic and was formerly president and CEO of Mastercard.

"Ajay is uniquely equipped to conduct the World Bank in this critical moment of history," wrote Biden in his explanation. "Ajay grew up in India and has a unique perspective on the opportunities and challenges with which developing countries are faced with and how the World Bank can implement its ambitious agenda to reduce poverty and increase in prosperity."

The World Bank is an international financial institution that was founded in 1944 alongside the International Monetary Fund (IMF). Their goal is to award loans to countries with low and medium -sized incomes to boost development - as well as to non -governmental organizations and environmental groups.

While Mastercard has introduced numerous partnerships and products for promoting crrypto acceptance, was banga in the past against space. In 2018, he described cryptocurrencies as "garbage" while criticizing their volatile prices and the need to reduce them (in the case of Bitcoin).

"Why civil society wants to put a snake in its back yard and thinks that the snake somehow only bites my neighbors," he said at the time.

2020 The same manager fulfilled The claim that Bitcoin will help to create "banks without bank account", whereby the strongly fluctuating market price is being cited.

The crypto position of the World Bank

The executive will probably be a welcome newcomer for the World Bank in this regard, which has repeatedly spoken out against the introduction of Bitcoin in addition to the IMF. It has already refused to offer support el Salvador and the Central African Republic The withdrawal of the support did not prevent El Salvador's President Nayib Bukele from Promotion of Bitcoin acceptance . The country has now agreed for the possibility to procure money through "Bitcoin bonds" to buy Bitcoin and build up the ambitious Bitcoin city .

In November he has argued that the West will finally go from the central bank to a more decentralized model, while he denounces institutions like the world bank because it is badly pressed by Spread Salvador's plans.

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