Bloomberg: Nomura's European Business Turns to Loss Due to Crypto Asset Decline, Tightens Management of Positions and Risk Exposure

Odaily News According to an executive at Nomura Holdings, the company has strengthened risk controls for its cryptocurrency business after its European operations turned to a loss due to the downturn in the digital asset market.

Chief Financial Officer Hiroyuki Moriuchi stated during a conference call reviewing quarterly results on Friday: "We have tightened the management of positions and risk exposures to curb short-term profit volatility." He mentioned that Japan's largest securities firm has reduced its virtual currency holdings but remains committed to the long-term development of its cryptocurrency business. (Bloomberg)