Payments Daily · Saturday, November 7, 2026Daily
PAY.NEWS
Paraguay’s central bank places ueno Bank under regulatory resolution
Paraguay’s central bank placed ueno Bank under regulatory resolution for violating minimum solvency rules, leaving millions of customers unable to access their accounts. The regulator has advanced deposit protection, while transferring accounts to other banks has also caused service disruptions in multiple banking apps.
Banking & Accounts
Fintech News SwitzerlandParaguay ueno Bank placed under regulatory resolution, leaving millions of customers unable to access accounts
Paraguay’s central bank placed the digital bank ueno Bank under regulatory resolution for violating minimum solvency rules, leaving millions of customers unable to access their accounts. The regulator has advanced deposit protection, and Paraguay’s president signed legislation to accelerate payouts; transferring ueno accounts to other banks also caused service disruptions in multiple banking apps. ueno said it had approximately 3 million customers as of June and managed about US$850 million in public funds; prosecutors issued arrest warrants for 8 executives.
Regulation & Compliance
Nigeria requires dollar stablecoin issuers to establish local entities and maintain NGN15 billion in capital
New regulations that took effect in Nigeria require overseas issuers offering USDT or USDC to retail users to establish a local company, obtain a Class 2 issuer licence and CBN approval for the tokens, and maintain at least NGN15 billion (approximately $11.1 million) in paid-in capital.
U.S. Treasury sanctions 45 individuals and entities linked to Prince Group
On November 5, the U.S. Treasury Department, through OFAC, sanctioned 4 individuals and 41 entities linked to Cambodia’s Prince Group, alleging that they were involved in concealing ownership, transferring assets, and supporting fraudulent activities. The U.S. had previously sanctioned 146 entities in October 2025 and 35 entities in June 2026; with the addition of 45 new targets, the cumulative total reached 226. Under OFAC rules, relevant property located within U.S. jurisdiction or held by U.S. persons must be blocked, and enterprises in which sanctioned parties directly or indirectly hold at least 50% are generally also subject to restrictions.
PYMNTSBPI study shows only two major dollar stablecoins meet GENIUS Act reserve requirements
A Bank Policy Institute (BPI) study found that, among 10 major dollar stablecoins covering 97% of the market as of June this year, only two—representing 26% of tokens in circulation—met the GENIUS Act’s reserve-asset requirements.
PYMNTSArkansas sues Kalshi, alleging it offered illegal gambling to residents
Arkansas Attorney General Tim Griffin sued Kalshi, alleging that it offered betting on sports and entertainment events without a gambling license or regulatory approval, and allowed users under the age of 21, the minimum required under state law, to open accounts. The state is seeking damages and tax recovery under consumer protection laws, as well as an injunction. Multiple federal courts of appeals have allowed some states to continue enforcing gambling laws, but the 3rd Circuit previously ruled that the relevant sports contracts were swaps and that federal regulatory authority could preempt New Jersey’s enforcement, resulting in differing enforcement outcomes for the platform across states.
金融庁First partyJapan’s Financial Services Agency announces revisions to banking supervisory guidelines, clarifying the boundaries between API-linked services and banking agency business
Japan’s Financial Services Agency announced revisions to relevant supervisory guidelines and the results of its public consultation, clarifying measures to prevent users from being misled when banks provide services in cooperation with other operators through APIs and similar mechanisms, as well as whether such conduct constitutes banking agency business (intermediation). The consultation received a total of 21 comments from 9 individuals and organizations. The revised supervisory guidelines apply from November 6, Reiwa 8, and cover various types of guidance for major banks, small and medium-sized financial institutions, and regional financial institutions.
金融庁First partyFinancial Services Agency publishes minutes of the second meeting of the Working Group on Growth-Company Financing
Japan’s Financial Services Agency published the minutes of the second meeting of the Working Group on Growth-Company Financing. The meeting discussed flexibly adjusting regulation for professional borrowing and lending institutions serving only professional clients, and reviewed the non-bank bond issuance system. Participants discussed the scope of borrowers, registration and conduct rules for lending institutions, whether commitment fees should be excluded from nominal interest, and the division of supervisory responsibilities between the national and local governments. The meeting also discussed rationalizing capital and personnel requirements under the Non-Bank Bond Act while maintaining or improving disclosures on loan assets and non-performing loans.
金融庁First partyJapan’s Financial Services Agency explains unauthorized FX transactions linked to GMO Internet; 5 firms report customer losses
Japan’s Financial Services Agency stated that, after user information on servers rented from GMO Internet was accessed without authorization, 5 FX firms reported that their customers had experienced unauthorized transactions. The firms have suspended some customers’ FX trading, blocked orders suspected to originate from overseas attackers, and reset passwords. GMO Internet announced that it would compensate the related losses. The agency also asked all FX firms to remind customers to change their passwords, check for unauthorized transactions, and strengthen monitoring of customer transactions; no new reports of unauthorized transactions have been received.