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Good morning, friends!

Financial Freedom Report #106 is out.

This week, we examine how financial systems are being reshaped under pressure:

• China’s CBDC, where new features blur the line between central bank money and bank deposits.
• Yemen, as a major bank shutdown deepens an already severe humanitarian crisis.
• Iran, where new data shows economic survival topping people’s concerns amid protests and blackouts.

In Bitcoin & freedom tech:

• A new Bitcoin Core privacy upgrade for transaction broadcasting.
• Programming Lightning releases open-source Lightning education.
• Electrum adds submarine payments, bridging on-chain and Lightning.

Plus, a new HRF x Pubkey Freedom Tech Series episode with Harrison Friedes and Block engineer Alex Hancock on vibe coding and building under surveillance.

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