I think that is a very good step and hopefully this good news can affect the conditions of other cryptocurrency prices and can provide benefits for traders.
Well keeping in mind the current worst financial crisis Venezuela is passing through, I feel it is a do or die condition for the country to pass through the situation.
Besides, opening a central bank for cryptocurrency will be a good idea because majority of the people in Venezuela are using mobile money and many the cryptocurrency so it is the need of the day and a policy built around the cryptocurrency will be worth implementing for the country to come out of the crisis.
This is a very bold policy of the Venezuelan government to change the economy of the country. The widespread use of crypto in the whole country will create great confidence for people in practical application. I hope that with the breakthrough of Venezuela will change the current difficulties.