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Paraguay seizes major digital bank tied to president as central bank chief resigns

By ChordNews · First written

Paraguay seizes major digital bank tied to president, leaving millions in limbo
Image: abcnews.com
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Summary

Paraguay's central bank has seized a major digital bank with ties to President Santiago Peña, leaving millions of people in limbo. The central bank head submitted his resignation on Tuesday at the president's request, as authorities launched resolution proceedings for the digital lender ueno. Reports describe the resignation as coming while the digital lender crisis deepens.

Later: Paraguay President Peña resigns as lower house moves to impeach him over bank collapse · Paraguay's President Santiago Peña Resigns Amid Ueno Bank Crisis

Timeline

  1. ABC News

    Source ↗

    ABC News reports that Paraguay's central bank has seized a major digital bank with ties to President Santiago Peña, leaving millions in limbo.

  2. The Straits Times

    Source ↗

    The Straits Times reports that Paraguay's central bank head submitted his resignation on Tuesday at President Santiago Peña's request, as authorities launched resolution proceedings for digital lender ueno.

  3. Investing.com

    Source ↗

    Investing.com reports, based on its headline, that Paraguay's central bank chief resigned at the president's request as the digital lender crisis deepens.

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