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Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says

Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says

S&P Global said Bitcoin as legal tender in El Salvador may have negative consequences for its credit rating.

Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi says

Cover art/illustration via CryptoSlate

Standard & Poor (S&P) warned that El Salvador’s adoption of Bitcoin as legal tender might negatively affect its credit rating.

The U.S credit rating agency said the knock-on effects could undermine El Salvador’s attempt at securing IMF funding, in turn triggering problems within its economy.

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