Fitch Rating Agency: El Salvador’s Bitcoin Adoption Increases Banks’ Regulatory, Financial & Operational Risks

2021-6-28 04:08

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.

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