Paraguay's ueno Bank placed under regulatory resolution, leaving millions of customers unable to access their accounts

AI-assisted source summary · not independently verified. Content standards

Paraguay's central bank placed the digital bank ueno Bank under regulatory resolution for violating minimum solvency requirements, leaving millions of customers unable to access their accounts. The regulator has advanced deposit guarantees, while Paraguay's president signed legislation to accelerate payouts; transferring ueno accounts to other banks has also caused service disruptions across multiple banking apps. ueno said it had about 3 million customers as of June and managed approximately US$850 million in public funds; prosecutors have issued arrest warrants for 8 executives.