Paraguay's President Peña Submits Resignation Amid Ueno Bank Crisis

TechFlow reported on November 6 that, according to The Defiant, Paraguayan President Santiago Peña submitted his resignation on November 5 amid the Ueno Bank crisis. The Chamber of Deputies approved an impeachment request against him with 78 votes and referred it to the Senate; what the legislature disclosed was the formal submission of the resignation, not the completion of the transfer of presidential power.

Paraguay's central bank said the first deposit insurance payouts are for depositors with balances not exceeding 10 million Guaraníes, no debt to Ueno, and accounts at other local banks or financial companies; eligible depositors can recover their full balances. After Ueno was taken over, some Bybit sellers' USDT quotes were about 13% higher than the official USD reference rate; this figure was an order-book quote, not an actual transaction price.

Source: TechFlow