Bitcoin use has ‘instant ramifications’ for El Salvador’s credit ranking, TradFi states
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S&P Global stated Bitcoin as legal tender in El Salvador might have unfavorable repercussions for its credit ranking.
Samuel Wan · September 19, 2021 at 9: 00 pm UTC · 2 minutes read
Requirement & & Poor( S&P) cautioned that El Salvador’s adoption of Bitcoin as legal tender may adversely impact its credit ranking.
The U.S credit ranking firm stated the ripple effects might weaken El Salvador’s effort at protecting IMF financing, in turn activating issues within its economy.
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