Paraguay’s president resigns after Ueno digital bank collapse strands millions

Paraguay's president Santiago Peña resigned following the collapse of Ueno digital bank, which left millions of customers unable to access their funds. Scrutiny centered on Peña's former ties to the bank's parent company. The failure of a digital lender and the resulting political fallout highlight counterparty and custody risk in crypto-adjacent fintech, a cautionary signal for traders watching banking-sector stability.