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Paraguay seizes digital bank linked to president, millions affected

Original: Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo

Paraguayan authorities have taken control of a major digital bank with ties to the country's president, leaving millions of customers unable to access their accounts. The intervention has raised questions about the stability of the financial institution and the political implications of its close connections to the presidential office. Reports are circulating internationally as customers await clarity on when they will regain access to their funds.

Why now: A government seizure of a bank connected to a sitting president is an unusual and politically charged move affecting millions of customers.

Paraguaythe president of Paraguay

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