Venezuela to set up centeral banks for cryptos

[Kate]

One of the members of named Hermann Escarra has said that they will be creating a central bank for cryptos.

He said : " The National Constituent Assembly of Venezuela…is preparing a reform to the Constitution that would include a central bank for crypto-assets and a superior court to the Supreme Court of Justice. " 

In the central bank people can exchange fiat to cryptos anytime. Also they will add petro coin to be exchanged.

What are your thoughts ? 

Source : https://news.bitcoin.com/venezuela-central-bank-crypto/