Aave founder Stani Kulechov has criticized the UK's current Financial Promotions regulatory framework, claiming it stifles stablecoin innovation. Kulechov argues that while the regulations aim to curb misleading crypto advertisements, they treat all crypto assets equally, managing stablecoins as high-volatility tokens. This approach imposes excessive compliance requirements on UK users, such as lengthy questionnaires and a 24-hour cooling-off period when using stablecoin products. Kulechov highlights that these blanket rules complicate basic operations like stablecoin wallet top-ups and significantly increase the cost for local teams to develop compliant stablecoin and DeFi products. He warns that such regulations could drive users overseas and reduce entrepreneurial investment, ultimately causing the UK to lose its competitive edge in fintech.