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S&P World stated Bitcoin as authorized tender in El Salvador might have damaging penalties for its credit standing.
September 19, 2021 at 9:00 pm UTC · 2 min learn
Customary & Poor (S&P) warned that El Salvador’s adoption of Bitcoin as authorized tender may negatively have an effect on its credit standing.
The U.S credit standing company stated the knock-on results might undermine El Salvador’s try at securing IMF funding, in flip triggering issues inside its economic system.
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