The banking authorities in Paraguay havely announced that the banking authorities in Paraguay have initiated liquidation procedures and suspended all services of the digital bank Ueno, after its financial situation deteriorated and the credit ratio was lowered to less than half of the legally required minimum, in a crisis that caused concerns about the money of millions of customers. The Central Bank has stated that its Board of Directors has taken a unanimous decision on November 2, 2026 in order to protect the bankers and maintain the stability of the financial system. In a significant political development, the President of the Central Bank, Carlos Cavallo, has resigned on the basis of a response to a crisis by the President of Santiago, stating that his Board of Directors will provisionally continue its operations during banking procedures. #The banking authorities are committed to investigate legal actions