Fitch Ratings: Bitcoin hampered by its significant price volatility
24 Jun 2021
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Fitch Ratings with the opinion on BTC
- says bitcoin could increase regulatory, AML risks for El Salvador banks
- says the high level of bitcoin price volatility will challenge its use as a store of value and means of payment
- believes foreign parent banks would offer operational, technical support to el Salvador banks to manage bitcoin implementation associated risks
I imagine the BTC folks are huge fans of ratings agencies …. or maybe not 😀
