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The Piney Point

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

Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo
Photo: KPRC 2 / Click2Houston (NBC) · view original

Paraguay’s central bank seized a major digital lender with close ties to President Santiago Peña early Tuesday, throwing the savings of millions of customers and hundreds of millions of dollars in public funds into limbo. The Central Bank of Paraguay said that its board voted unanimously Monday t...

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