Financial and political crisis in Paraguay due to Ueno banking app paralysis
- 1The central bank initiated liquidation proceedings for Ueno on November 2.
- 2Nearly 3 million customers, close to the population of Paraguay, were unable to withdraw money through the Ueno banking app.
- 3President Santiago Peña resigned on November 5.
So what's the key point?
Many people were unable to access their money because the Ueno bank app stopped working. Due to this issue, the bank has begun liquidation proceedings and the president has stepped down.
Source Fortune · View original ↗
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