I hope that it helps the people of the country. But unfortunately, if they do not make it open, it will fail. You are not going to see people putting money into a crypto that is backed by a corrupt government. Nobody would have any recourse. People like crypto because it takes power out of government control. I don't see many people putting money in this for that reason. I know that I wouldn't. Just my opinion.
RE: Venezuela to create Oil-back National Cryptocurrency "the Petro"