Credit Rating Agency Warns El Salvador’s Bitcoin Plan Will Hurt the Country’s Insurance Industry

Credit rating agency Fitch Ratings thinks that El Salvador’s insurance firms will be on thin ice when the country adopts Bitcoin. Fitch, one of the “Big 3” credit rating agencies, argues that exposure to the crypto asset’s volatile price action and operating risks could be a credit negative for El Salvador’s insurance companies. “El Salvador’s […] The post Credit Rating Agency Warns El Salvador’s Bitcoin Plan Will Hurt the Country’s Insurance Industry appeared first on The Daily Hodl.