Nomura's European business turns losses due to cryptocurrency asset decline, tightening risk management

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