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Paraguay's Santiago Peña resigns over Ueno Bank collapse

NewsFeeds update

Paraguay's president Santiago Peña said he is resigning to protect stability and democracy after the collapse of digital bank Ueno Bank, which the central bank moved to liquidate. Peña, who denies wrongdoing, faced scrutiny over past ties to its owner, Grupo Vázquez.

RegulationChainCatcherAIBearish

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The story so far: Paraguay president resigns over Ueno Bank collapse

Paraguay's president Santiago Peña resigned after the collapse of digital bank Ueno Bank, which the central bank moved to liquidate; he denies wrongdoing over past ties to its owner, Grupo Vázquez. USDT now trades at a 13% premium on the local P2P market as people rush to obtain US dollars.

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  1. Paraguay's Santiago Peña resigns over Ueno Bank collapse

  2. Paraguay president resigns after Ueno Bank collapse as USDT premium hits 13%

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.