Crypto Regulation Arrives Too Slow for U.S., Argues Opinion Piece
In the heart of the dynamic world of finance and technology, Fiorenzo Manganiello, co-founder and managing partner of the investment firm LIAN Group, stands as a pioneering figure. A professor of blockchain technologies at Geneva Business School, Manganiello's expertise spans across various sectors, including cryptocurrency, blockchain, digital infrastructure, and healthcare.
Manganiello's impressive portfolio boasts the building and funding of numerous successful technology companies. His dedication to innovation has not gone unnoticed, as he continues to make waves in the industry.
Outside of his professional life, Manganiello is an avid art collector, with a particular interest in contemporary and digital art. This multifaceted approach to life is a testament to his versatility and forward-thinking mindset.
The United Arab Emirates (UAE) is another arena where Manganiello's influence is felt. The country's foreign direct investment (FDI) has reached an all-time high, with AED 167.6 billion in capital inflows recorded in 2024. This surge in investment is attributed to several factors, one of which is the UAE's welcoming environment towards blockchain and cryptocurrency technologies.
The UAE is not only attracting investment but is also nurturing it. With over 516 crypto startups and more than 1,000 blockchain tech startups, the country is quickly becoming a hub for innovation in the digital currency space. The UAE's attractive tax policies, such as zero tax on income and capital gains made from crypto, further bolster its appeal as an investment destination.
In fact, the UAE holds the highest Bitcoin ownership rate worldwide, reflecting the country's embrace of cryptocurrency. The latest development in this space is the launch of regulated crypto derivatives for retail investors by OKX, the world's second-largest cryptocurrency exchange.
However, not all news regarding cryptocurrency is positive. In the United States, President Trump has signed an executive order preventing federal agencies from issuing or endorsing central bank digital currencies. This move raises questions about the future of digital currency adoption in the U.S.
Despite these challenges, Manganiello remains optimistic, as evident in his book, "Stablecoins vs. banks: A fairer test of what makes good money." In this opinion piece, he delves into the potential of stablecoins and their role in reshaping the financial landscape.
As the world continues to grapple with the implications of digital currencies, Manganiello and his work at LIAN Group are undoubtedly shaping the future of finance in the UAE and beyond.
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