Fitch Rating warns El Salvador’s bitcoin adoption could risk to local insurers.

Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin as an optional legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American nation. Citing El Salvador’s lack of clarity in Bitcoin’s implementation in mainstream markets, Fitch Ratings warned about the inherent volatility […]Read full post Fitch Rating warns El Salvador’s bitcoin adoption could risk to local insurers. on Chaintimes.com.