Bitcoin legalization can dampen El Salvador’s credit rating, Fitch says

Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector. The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets. The post Bitcoin legalization can dampen El Salvador’s credit rating, Fitch says appeared first on CryptoSlate.