Asian Journal of Economics, Finance and Management

We develop a multi-currency model to depict a typical three-currency-scenario system is introduced as a fundamental financial system to study discuss how to create the necessary instruments that will allow state actors gain control of cryptocurrency and gradually introduce a hybrid version. We use a framework allows for a co-integration of fiat, electronic and cryptocurrency from which financial value emerges in an economy. The ideal system for imposing systemic controls for policy implementation and stability is obtained via a mathematical value. The objective of the paper is to outline clearly without ambiguity policy guidelines that can be put in place to enable the state control the transmission of fiat-electronic-cryptocurrency. A system of ten equations is developed to scientifically and in an unbiased format distill a sound argument for the creation of a hybrid currency. The prescriptions suggest an interesting solution for this policy challenge confronting several central banking authorities. The major policy objective would be energizing the ecosystem so as to create a hybrid currency.