It is good to know that some of the financial institutions are trusting and holding cryptocurrencies because it is a proof that cryptocurrency is a good asset to store the value of our money. I think that the other major banks do the same thing like the central bank in Venezuela because it gives them a safe haven for their money and also an opportunity to grow their cash.
Central Bank in Venezuela holds Cryptocurrency because their country is experiencing a monetary crisis, so the Venezuelan government will most likely adopt Bitcoin there. Many believe that the parties of the World Bank now also glance towards Cryptocurrency, they want to adopt Blockchain technology for banking.
First of all, these are just rumors. The central bank of Venezuela (
El Banco Central de Venezuela) never admitted that they are holding any form of cryptocurrency. These rumors are just spread by some of the media outlets, and as of now, we don't have any confirmation regarding this. Even if they are holding any crypto, it is going to be in very low amounts, given the bad state of the Venezuelan economy.
It is true that Venezuela is currently going through a financial crisis and they are unable to import essential commodities due to a lack of foreign currency in their reserves. And Bitcoin is not an answer to their problem. What they are doing now is that they are trying to sell their gold reserves, to earn foreign currency. But one issue is that some of that reserve is stuck abroad and the government can't access it now.