Nomura's Crypto Division Reports Significant Losses Due to Market Volatility

Nomura's cryptocurrency division, Laser Digital, has reported losses amounting to 10.6 billion yen, equivalent to approximately $68 million. According to PANews, the losses were attributed to market volatility observed in October and November. The company's CFO noted that Laser Digital had previously held long positions but has since taken steps to reduce risk exposure and enhance its risk management framework.