Japan’s banking giant Nomura tightens crypto risk controls as market setbacks hit European operations

Nomura Holdings, Japan's largest investment bank, is enhancing risk management for its cryptocurrency business after experiencing losses in its European operations, partly attributed to setbacks in the digital asset market. CFO Hiroyuki Moriuchi stated during a conference call that these measures aim to curb short-term earnings volatility, although the firm remains committed to long-term growth in crypto. These issues impacted quarterly profit, which also suffered from exceptional costs related to the acquisition of Macquarie Group’s US and European public asset management business. Nomura's digital asset arm is Laser Digital, which is currently seeking federal bank charter approval in the US.

(Source：Crypto Briefing)