El Salvador sees decline in ratings from Fitch amid Bitcoin adoption concerns
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El Salvador, the first country to adopt Bitcoin as its legal tender, has seen a decline in long-term foreign-currency issuer default rating (IDR) designated by New York-based rating agency Fitch….
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One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
El Salvador this week bought 500 Bitcoins for US$15.37 million, taking advantage of a sharp price decline to add to its holdings of the cryptocurrency, which is also legal tender in the Central... [[ This is a content summary only. Visit my website for full links, other content, and more!…
El Salvador is seriously down for the count following its heavy love and adoption of bitcoin. The world’s number one digital currency by market cap is taking the country’s finances into a little pit of nothingness, but the nation’s leaders don’t seem all that worried. How Much Has El Salvador…