Proposal for a National Cryptocurrency Token in Sri Lanka: Framework for Inclusive Ownership and Government Reserve Management
Year: 2025
Type: article
Abstract: This paper proposes the creation of a Sri Lankan national cryptocurrency (LKR Coin) as a state-backed digital asset designed to promote inclusive ownership, financial inclusion, and long-term economic stability. The framework emphasizes a balanced distribution model that allocates coins to citizens while simultaneously building a government reserve, enabling strategic monetary management and potential foreign currency generation. By linking coin ownership to national identification, the model ensures transparency, equitable access, and controlled supply, supporting both individual wealth accumulation and national financial sovereignty. The study highlights the policy, regulatory, and technological considerations necessary for implementing a secure, phased rollout without delving into specific numerical issuance calculations, thereby providing a conceptual blueprint for a sustainable national cryptocurrency.
Authors: Senarath Mudiyanselage Nirodha Rupasinghe, J. H. U. S. Bhatiya Tissera
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: gold
OpenAlex ID: W4415909957