They are incredible control by governments over everybody’s bank accounts and they are going to create a void of privacy for every individual citizen. “I think central bank digital currencies were concocted in hell by Satan himself. Speaking to Michelle Makori, editor-in-chief of Kitco News, at the Freedom Fest 2021 conference, Checkan said that these government-issued digital assets will give the state the ability to monitor every transaction one makes, essentially tracking one’s entire life. One of the biggest threats to our liberty and privacy will be the introduction of central bank digital currencies (CBDCs), said Rich Checkan, president of Assets Strategies International.