Latam Insights: Bolivia sælger guld for dollars, Argentina forbyder Fintech Crypto, Fitch opgraderer El Salvadors kreditvurdering

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech

Bitcoin-omfavnende El Salvadors præsidents genvalgserklæring smækket

Just over a year after overseeing El Salvadors adoption of bitcoin, the Central American countrys 41-year-old president, Nayib B Watch, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele

Fitch Ratings nedgraderer El Salvador dybere ind i junkstatus med henvisning til Bitcoin-risici

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvadors long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender

De tre store kreditbureauer kritiserer El Salvadors Bitcoin-adoption - S&P Global advarer om 'umiddelbare negative konsekvenser'

All of theBig Threecredit agencies have said that El Salvadors adoption of bitcoin could affect the countrys credit rating in a negative manner. After both Moodys and Fitch Ratings published reports on the matter in El Salvador, S&P Global…