New Delhi, July 13 -- LONDON - Britain's crypto industry has spent years operating under a framework that promised clarity but delivered consultation papers. That changed this week.

The Financial Conduct Authority completed its crypto rules, establishing capital requirements, admissions standards, and a full conduct regime for digital asset firms doing business in the United Kingdom. The framework covers crypto exchange operators, custodians, and firms dealing in crypto assets, requiring authorization before operating. Simultaneously, the Bank of England abandoned the stablecoin limits it had proposed last November, removing the £20,000 individual holding cap and the £10 million business ceiling, while cutting the reserve ratio...