Nomura-backed Laser Digital becomes first crypto firm approved in Japan in four years

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Laser Digital Japan, a subsidiary backed by Japanese banking giant Nomura, has received Japan's first cryptocurrency business approval in four years. The firm is set to provide liquidity services to domestic cryptocurrency providers in the country. Institutional trading services are also planned as a next step following the initial approval. The development signals growing institutional appetite for digital assets in Japan's regulated financial market.

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