It’s all fun and games until your credit risk goes up. MoodysInvSvc has stated that El Salvador’s Bitcoin holdings may have a negative impact on the country's credit profile.
) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.Bloomberg this week that El Salvador’s Bitcoin gambit “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in the past.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: