News
Paraguayan President Resigns After Bank Lockout
Paraguayan President Santiago Peña announced his resignation on Thursday after the collapse of digital lender Ueno Bank, which left approximately three million customers unable to access their accounts. The bank's shutdown has revived the argument that money held by a financial intermediary is only as accessible as that institution allows, with Bitcoin holders suggesting self-custody as a solution. The central bank placed Ueno Bank into resolution, following accounting adjustments to the bank's financial statements and leaving its app, cards, and transfers out of service.