💥 Crypto = Bubble?

What we’ll cover today:

🤖 UK charts its own course on AI regulation.

💥 Cliff Asness takes a swing at crypto and Bitcoin.

🚀 Standard Chartered’s crypto custody unit in Luxembourg.

🏢 UniCredit’s 200+ job boom in Italy and Germany.

🌍 Gemini’s leadership shakeup fueling European expansion.

UK Plans to "Do Its Own Thing" on AI Regulation 🤖

The UK government is charting its own course on AI regulation, diverging from the EU's stricter AI Act. This could redefine how AI innovation and ethical issues are addressed globally.

🚨 Breaking News:
The UK is adopting a more flexible, innovation-friendly AI regulation framework, aiming to balance growth and safety without following the EU's stricter path.

⚡ Wire Simplified:

• The UK plans to develop its own AI rules, independent of the EU's regulatory framework.

• Their focus is on encouraging AI innovation while addressing risks like bias and misuse.

• Businesses are optimistic, but some experts fear safety could be compromised.

• The government says flexibility is key to maintaining the UK’s tech leadership.

• Critics warn a fragmented approach may create confusion for global companies.

✔️ Straight to the Point:
The UK’s AI regulation strategy prioritizes innovation over strict rules, sparking debates on safety and its global impact.

3 Fintech Buzzes You Can’t Miss…

1. Standard Chartered Goes Digital! — 🚀 See How They’re Shaking Up Europe’s Crypto Scene

2. UniCredit’s Back-Office Boom! — 🏢 200+ New Jobs You’ll Want to Know About

3. Gemini’s European Takeover! — 🌍 Meet the New Power Players in Crypto

Cliff Asness Calls Crypto a Bubble and "For Criminals" 💥

Hedge fund manager Cliff Asness criticized cryptocurrency, calling it speculative, prone to bubbles, and appealing mainly to criminals. Bitcoin, he says, is in a bubble.

🚨 Breaking News:
Cliff Asness slammed crypto as a bubble-driven asset and labeled Bitcoin as a haven for speculation and illicit activities.

⚡ Wire Simplified:

• Cliff Asness, co-founder of AQR Capital, heavily criticized cryptocurrency, especially Bitcoin.

• He called Bitcoin a bubble and said crypto is good only for speculation and crime.

• Crypto advocates argue it's a decentralized revolution, while critics see it as risky and volatile.

• Bitcoin prices dropped slightly following Asness's comments.

• Debate over crypto’s value continues, dividing experts and enthusiasts alike.

✔️ Straight to the Point:
Cliff Asness reignites the crypto debate, calling it a bubble, but the global crypto community remains divided on its future.

FinTech Abu Dhabi 2025
Organized by the Abu Dhabi Global Market, this event explores the latest trends, regulatory advancements, and innovations in the FinTech sector.
Date: November 2025 | Location: Abu Dhabi, UAE

Book your seat here

European FinTech Summit 2025
This event brings together Europe’s FinTech community to discuss the future of banking, payments, and digital currencies, along with showcasing innovative startups.
Date: June 2025 | Location: Brussels, Belgium

Book your seat here

Blockchain Expo Europe 2025
While primarily blockchain-focused, this event includes significant FinTech topics such as digital payments, smart contracts, and decentralized finance.
Date: September 17–18, 2025 | Location: Amsterdam, Netherlands

Book your seat here