The move by the Caribbean Island nation, El Salvador to adopt Bitcoin as its official legal tender after the United States Dollar has been tagged by FitchRatings as bad for its banks. According to the New York-based economic analytics and rating firm, El Salvador’s plans will increase the need for local financial institutions to bolster The post El Salvador’s Bitcoin Adoption Can Cause Regulatory Risks for its Banks- Fitch Ratings appeared first on Coingape.