COINTELEGRAPH · 2026-11-05 17:40 UTC

Paraguay president resigns after collapse of Ueno digital bank

Paraguayan President Santiago Peña resigned Thursday amid political crisis triggered by the collapse of digital lender Ueno Bank. Paraguay's central bank initiated resolution proceedings for Ueno Bank after its solvency ratio fell below half the regulatory minimum. Peña faced scrutiny over business ties to Grupo Vázquez, which controls Ueno Bank, and lawmakers debated impeachment over alleged conflicts of interest and misuse of pension funds.

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