Nomura's European Business Division has turned to losses due to the decline in crypto assets and has tightened management of holdings and risk exposure.

BlockBeats News, January 31 — According to Bloomberg, a senior executive at Nomura Holdings stated that due to the company’s European operations experiencing losses partly caused by setbacks in the digital asset market, the company has strengthened its risk controls on its cryptocurrency business.

Chief Financial Officer Hiroyuki Moriuchi said during a Friday earnings review call, “We have tightened management of holdings and risk exposure to curb short-term profit fluctuations.” He mentioned that this Japan’s largest securities firm has reduced its virtual currency holdings but remains committed to the long-term development of its cryptocurrency business.

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