2022-2-11 12:40 |
“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country has received a downgrade from Fitch. origin »
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The rating agency recommended that financial institutions follow additional regulatory guidelines and policies to put barriers to entry to participate in the crypto market. The post El Salvador’s Bitcoin Adoption Doesn’t Pose any Material Financial or Market Risk to Banks: Fitch Ratings first appeared on BitcoinExchangeGuide.
2021-11-12 16:56 | |
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Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector. The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets.
2021-8-18 07:00 | |
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According to credit rating agency Fitch Ratings, El Salvador's adoption of Bitcoin as a legal tender may come to have unintended consequences. Bitcoin Adoption Could Lead To Negative Credit Rating President Nayib Bukele’s decision to grant benchmark cryptocurrency Bitcoin a legal tender status a few months ago came amid global applause from enthusiasts of the […] The post Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption first appeared on BitcoinExchangeGuide.
2021-8-17 17:05 | |
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The law is unnecessarily rushed and does not equip insurance companies to adapt to… The post Bitcoin adoption could damage El Salvador’s credit rating: Fitch appeared first on Coin Journal.
2021-8-17 15:01 | |
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While El Salvador is all set to officially make Bitcoin a legal tender on Sept. 7 and preparing to airdrop $30 in BTC to its every adult citizen, rating agency Fitch says this step means banks face higher risks, including violating rules against money laundering and terrorism financing.
2021-6-28 04:08 | |
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Genius Group's Bitcoin expansion could influence educational tech firms to integrate cryptocurrency strategies, impacting market dynamics. The post AI-driven Genius Group plans $100 million Bitcoin treasury expansion through rights offering appeared first on Crypto Briefing.
As a pleb with a “fiat job,” you have an important role to play.
The CNB approves plan to explore allocating a portion of its ˆ140 billion reserves to Bitcoin.
The Czech central bank's exploration of Bitcoin for reserves could signal a shift towards digital assets, impacting global reserve strategies. The post Czech central bank approves proposal to explore Bitcoin for foreign exchange reserves appeared first on Crypto Briefing.
Grayscale, the asset management firm behind spot Bitcoin exchange-traded fund GBTC, has announced the launch of Grayscale Bitcoin Miners ETF. The new ETF, with the ticker MNRS, targets investors eyeing investment opportunities across companies offering Bitcoin mining services.
Grayscale's ETF could drive increased investment in Bitcoin mining, potentially boosting industry growth and influencing Bitcoin's market dynamics. The post Grayscale rolls out Bitcoin Miners ETF, taps into global Bitcoin mining ecosystem appeared first on Crypto Briefing.
Bitwise CIO Matt Hougan says Bitcoins four-year cycle may be broken by Trumps new crypto executive order, extending the bull market. The post Bitwise CIO says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order appeared first on Crypto Briefing.