Nomura's European business turns to loss due to decline in crypto assets, tightens risk management

According to Bloomberg, Hiroyuki Moriuchi, Chief Financial Officer of Nomura Holdings, stated during the quarterly earnings call that the company's European business has turned to a loss due to setbacks in the digital asset market. The company has strengthened risk controls in its cryptocurrency business, including tightening position and risk exposure management to curb short-term profit fluctuations. Nomura has reduced its virtual currency holdings but remains committed to the long-term development of its cryptocurrency business.