Key Highlights: Paraguay’s central bank launched resolution proceedings against Ueno Bank after its solvency ratio fell below half the statutory threshold, jeopardizing deposits for roughly 3 million clients and sparking an impeachment push against President Santiago Peña. The financial turmoil triggered a 10.2% surge in retail dollar rates against the guaraní, while Binance P2P tether ...
Key Highlights The collapse of Paraguay’s Ueno Bank has triggered currency depreciation and spiked search interest in Bitcoin, Tether (USDT), and the US dollar. President Santiago Peña offered his resignation amid scrutiny over past ties to Ueno Bank’s parent company, as impeachment proceedings continue. Industry leaders, including Emin Gün Sirer, Samson Mow, and Stani Kulechov, ...
Key Highlights Paraguay’s central bank placed digital lender Ueno Bank into resolution after its solvency ratio fell below half of the mandatory legal threshold. Ueno held roughly $800 million in public-sector deposits—including pension and healthcare funds—serving 2.9 million customers representing over 60% of Paraguay’s adult population. The collapse sparked intense public demonstrations, factored into President ...
Key Highlights: Mercedes development driver Joshua Durksen completed a two-day Formula 1 test at Portimão in the Mercedes W16, becoming the first Paraguayan driver to pilot a modern F1 car. Paraguay’s president, Santiago Peña, personally phoned Durksen to congratulate him, calling the milestone “the dream of millions of Paraguayans.” Mercedes shared footage of the presidential ...