Aave founder: UK financial promotion regulatory framework hinders stablecoin business development

Foresight News reported that Aave founder Stani Kulechov tweeted that the UK's current "Financial Promotions" regulatory framework is making it difficult to conduct stablecoin business locally. The system was originally intended to restrict misleading crypto advertising, but in practice treats all crypto assets equally, placing stablecoins on the same level as highly volatile tokens. As a result, UK users face lengthy questionnaires and mandatory 24-hour cooling-off periods when using stablecoin products, making basic operations such as deposits difficult. He pointed out that this regulatory approach leads to a slow and cumbersome user experience, increases the difficulty and cost for UK teams to build compliant stablecoins and embedded DeFi products, and drives users to overseas products, while teams are hesitant to build businesses in the UK. He believes the system needs a complete overhaul or replacement, and calls on the industry to jointly promote a more reasonable and innovation-supportive regulatory approach.