Japan Weighs Allowing Banking Groups to Offer Crypto Trading Services

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Japan’s Financial Services Agency (FSA) is considering a major regulatory shift that would allow banking group subsidiaries to launch cryptocurrency trading services, according to a report by Nikkei on Wednesday. The move aims to expand market access and boost competition in Japan’s fast-growing digital asset industry.

Currently, subsidiaries of banking groups are barred under the Banking Act from registering as crypto asset service providers. The proposed revision would enable securities subsidiaries of banking groups to handle crypto trading, putting them on an even playing field with existing operators tied to securities companies, such as Rakuten Wallet and SBI Holdings’ crypto unit.

The FSA is also reportedly reviewing the long-standing ban on banks investing directly in cryptocurrencies, potentially allowing financial institutions to buy and hold crypto assets as part of their portfolios.

Officials have emphasized that any regulatory changes will be accompanied by strict consumer protection rules, requiring bank-affiliated firms to clearly explain the volatility and risks of crypto investments to retail investors.

The proposed reforms come as Japan seeks to strengthen its position as a regulated global crypto hub, balancing innovation with investor safety. The FSA has not yet issued an official comment, but the policy shift could reshape Japan’s financial sector by integrating traditional banking and digital asset markets more closely than ever before.

TeamViewer Lowers 2025 Revenue Outlook Amid Weak Performance at 1E Unit

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TeamViewer (TMV.DE) said on Tuesday it now expects its 2025 revenue to come in at the lower end of its previous guidance—between €778 million and €797 million ($907 million–$929.5 million)—as weakness in its recently acquired 1E business continues to weigh on growth.

The 1E unit, acquired in December 2024, develops software that helps detect and fix IT issues but has underperformed expectations. TeamViewer cited “ongoing transformation efforts and persistent macroeconomic challenges” as reasons for the slowdown. The unit’s annual recurring revenue fell short of projections, with sales slipping 8% in the third quarter, even as overall company revenue rose 4% at constant currency.

TeamViewer said the downturn reflects not only Europe’s sluggish economic climate but also macroeconomic headwinds in the United States, where 1E traditionally has its strongest customer base. CFO Michael Wilkens noted that turnaround efforts for the business “will take time to materialize,” dampening near-term growth prospects.

As a result, TeamViewer cut its overall annual recurring revenue forecast to €780–€800 million, down from €815–€840 million previously, and trimmed its 2026 revenue growth outlook to 2%–6%. To mitigate the impact, the company said it will introduce new cost-cutting initiatives.

Despite the weaker revenue forecast, TeamViewer raised its adjusted EBITDA margin target for 2025 to 44% from 43%, crediting tighter cost control and improved operational efficiency. The company said its long-term focus remains on strengthening recurring revenue and restoring growth momentum at 1E.

Eutelsat Misses Forecasts as Weak Video Sales Offset Growth in Government Services

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Eutelsat (ETL.PA), the French satellite operator and rival to Elon Musk’s Starlink, reported disappointing first-quarter results on Tuesday as a sharp drop in its video broadcasting division overshadowed solid growth in government contracts, particularly in Ukraine.

Revenue for the quarter ending in September fell 1.2% year-on-year to €283 million ($330 million) on a comparable basis, missing analyst expectations of €295 million, according to company data.

The company’s video segment, which still represents 47% of total revenue and reaches over a billion global viewers, declined 10.5%, reflecting a prolonged slump in satellite TV demand and the continued fallout from European sanctions on Russian broadcasters. French regulators recently ordered Eutelsat to halt transmissions of two Russian channels tied to sanctioned entities — a move the company said would cost around €16 million this year.

Eutelsat’s other major division, government services, was the standout performer, rising 18.5% year-on-year to €52.4 million, driven by defense and connectivity contracts in Eastern Europe. Chief Financial Officer Christophe Caudrelier told analysts that while demand for satellite broadband is growing rapidly, Starlink continues to dominate the B2C market, challenging Eutelsat’s growth trajectory.

Through its subsidiary OneWeb, Eutelsat operates more than 600 Low Earth Orbit (LEO) satellites, giving it the only LEO constellation besides Starlink — a key part of Europe’s push for independent satellite infrastructure. A €1.5 billion capital infusion led by France and the UK is expected to close by the end of 2025 to help bolster competitiveness.

Despite the weak quarter, Eutelsat maintained its full-year and long-term targets, betting that its diversification into broadband and government services will offset the gradual decline of its legacy video operations.