Considering the very high volatility of crypto, I'm not sure that this is a good decision.
In my opinion, the risk is very high, especially for the poorest people.
If you saw the stability issues in Venezuela, and the problems that they're having with their economy, currency and so on. I think the volatility of cryptocurrency would be a sigh of relief for a good amount of people, crazy to say -- but it is true in the end.
If you do want to see what this country is like now, here you are -
https://www.theguardian.com/world/2016/jun/22/venezuela-economic-crisis-guardian-briefing - A year old, still relevant though.
Probably a step in the right direction, though this is going to be controlled by a failing government -- so yeah, 10 steps backward. SOCIALISM! IT DOESNT WORK FOLKS