Anything coming from those guys is going to be good, they just bought bitcoin to laundry some money years ago, got a really great return and are now talking about crypto. That currency won't be supported by anything because most of the country's oil is in debt to Russia and China. Would be interesting to see how the market reacts about it if they go through with it.
I'm from Venezuela, i despise every person in the goverment, anything coming from them is pure cancer, but maybe what the market would see is "The first crypto country" or "The first cryptocurrencie fully backed by a goverment" and make it go to the moon really fast.
Looking forward to read the point of view of the crypto experts of this forum about this topic.
The government has proven a lot of times to be a bunch of dumb people, they cannot manage their economy even when the price of oil was in the sky and now that is not the case it is not surprise they are getting problems running their economies, we know that socialist countries always end like this.