Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

Just over a year after overseeing El Salvadors adoption of bitcoin, the Central American countrys 41-year-old president, Nayib Bukele, 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 nedgraderar El Salvador djupare in i skräpstatus med hänvisning till Bitcoin-risker

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 stora kreditbyråerna kritiserar El Salvadors Bitcoin-antagande – S&P Global varnar för "omedelbara negativa 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