Category: Bitcoin legal tender

El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global

S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating. 1324 Total views 31 Total shares Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law recognizing BTC as legal […]

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Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador

Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador

Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. 8501 Total views 5 Total shares Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse […]

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