Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
CoinGape 2021-08-17 11:19:49

Fitch Ratings Warns About This Negative Aspect of El Salvador’s Bitcoin (BTC) Adoption

Fitch Ratings has joined the long line of opposition in regards to El Salvador’s Bitcoin Legal Tender. The global credit rating agency has alerted the nation of substantial risks post-BTC adoption. Fitch Ratings argue that BTC legal tender will cause credit negative for local insurance companies. This would mean, profits can quickly convert into losses The post Fitch Ratings Warns About This Negative Aspect of El Salvador’s Bitcoin (BTC) Adoption appeared first on Coingape.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.