Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

El Salvador’s historic embrace of Bitcoin (BTC) might have detrimental penalties on the nation’s sovereign credit score outlook, in accordance with Moody’s Buyers Service.  Moody’s analyst Jaime Reusche instructed Bloomberg this week that El Salvador’s Bitcoin gambit “actually provides to the danger portfolio” of a rustic that has struggled with liquidity points up to now. … Read more