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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

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All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.”

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North America and Europe Lead Bitcoin ATM Charge

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In what can only be described as a controversial move, El Salvador became the first country in the world elevating Bitcoin to the status of legal tender today, meaning businesses have to accept the cryptocurrency in day-to-day transactions from this day forward.

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