I am still waiting to hear how digital or digitized is different from fiat in electronic form. Fiat is fiat, no matter how you slice it. Fiat is 'by decree'.

Crypto currencies function by no decree. They are decentrally produced.

And it's not even by decree that matters, although that is important too. What matters is predictability of supply, which never works for fiat, because governments always tend to overspend and overproduce fiat. Fiat has been around for ages and we all know how it ends every time. So what does Ecuador change here?