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Paraguay bank freeze sparks debate on XRP custody and crypto self-control risks

Market News
06 Nov 2026, 13:32 WIB
Dailycoin
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Paraguay bank freeze sparks debate on XRP custody and crypto self-control risks

A mass bank-account freeze in Paraguay, affecting over 3 million people, has reignited discussions about the risks and benefits of holding XRP and other cryptocurrencies through self-custody. The freeze involved Paraguay's central bank taking control of digital bank Ueno, highlighting concerns over access to funds in traditional banking. Crypto researcher Edo Farina contrasted this with the XRP Ledger's continuous transaction processing, arguing that decentralized crypto offers an alternative to bank failures. However, experts caution that self-custody reduces some risks but does not eliminate all, such as legal seizures or stolen keys, and that ongoing ledger operation does not guarantee increased demand or market value for XRP.

XRP is trading at Rp21.650 on Pluang, down 9.82% in the last day, with a market cap of Rp1.375,41 trillion. Sell orders dominate at 66%, and the typical holding time is 73 days. These figures are current as of Nov 06, 2026 18:52 WIB.

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