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S&P Global said Bitcoin as legal tender in El Salvador may have negative consequences for its credit rating.
Samuel Wan · September 19, 2021 at 9:00 pm UTC · 2 min read
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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