RABBIT HOLE RECAP #384: ARE YOU NOT ENTERTAINED?

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- United Arab Emirates | First CBDC Transaction Completed

The United Arab Emirates (UAE) completed its first government-to-government transaction with its Digital Dirham central bank digital currency (CBDC). This initiative was part of the CBDC’s pilot phase and was implemented using the mBridge platform. Officials say this marks a move toward domestic rollout, with more widespread adoption planned across both public and private sectors. The UAE deploys an extensive and sophisticated surveillance tool system across public spaces and digital communications, raising concerns that placing transactions on a state-controlled CBDC ledger would further centralize visibility over everyday financial activity.

In Context: Project mBridge connects the CBDCs of China, the UAE, Saudi Arabia, Hong Kong, and Thailand into a unified, programmable settlement system. Designed to give central banks real-time visibility and control over cross-border flows, the surveillance-ready platform risks exporting the financial governance model of authoritarian states. FinancialFreedomReport.org

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3:59 - Dump vibes

9:59 - Strike

17:24 - Dashboard

22:34 - Free Samourai

26:34 - Block

31:04 - Warren Davidson

34:44 - Kraken

38:19 - Pubkey DC