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Paraguay's central bank intervenes major digital bank

Original: paraguay

Paraguay's central bank has intervened in a major digital bank, a move affecting millions of customers. The regulator's decision is sending shockwaves through the country's financial sector, with depositors seeking clarity on the safety of their funds and what the intervention means for day-to-day banking services.

Why now: People are reacting to sudden regulatory intervention in a widely used digital bank and uncertainty over access to their money.

Central Bank of Paraguay Paraguay

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Evidence

Banco Central de Paraguay interviene importante banco digital y sacude a millones de clientes · AP News

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