This paper proposes the introduction of a Sovereign Backed Cryptocurrency for Asia called CoinAsia. CoinAsia will be an Asian reserve currency. I analyse the impact of CoinAsia on Asian economies in a scenario where Sovereign Backed cryptocurrencies will be the mainstream bills of exchange....

Due to a fast growing labor force and large economic base, more and more areas are getting industrialized in South Asia. Many new and bigger cities are coming up. For anything to grow, energy is needed. More so, if the growth is rapid. All of these factors raise the South Asian region's hunger...