BitFlyer Founders Concentrate on Comeback and IPO Plans


  • Yuzo Kano, co-founder and former CEO of BitFlyer Holdings Inc., needs to return as CEO and lead the corporate to an IPO.
  • Kano claims BitFlyer has stopped innovating since his departure.
  • The previous CEO plans to open supply BitFlyer’s blockchain, introduce stablecoins, and extra.

Co-Founder Yuzo Kano Will Return To His Function As CEO Of Japan’s Largest Cryptocurrency Alternate To Settle A Dispute With Present Administration And Different Shareholders Over Management Of BitFlyer Holdings Inc. I am doing it. Kano expects to reclaim his place as CEO at a gathering with shareholders subsequent month, the report reveals.

Kano, who resigned in 2019 attributable to infighting, needs to revive the cryptocurrency firm and lead it in direction of an IPO. The previous CEO additionally expressed his want to revive Japan’s dominance within the cryptocurrency trade.

“I need to have the ability to compete on the worldwide stage,” Kano mentioned in a latest interview.

In line with his interview, if he’s reinstated, he plans to open supply BitFlyer’s ‘miyabi’ blockchain to the general public and introduce a stablecoin into its buying and selling platform, in tandem together with his IPO plans. Kano, who stepped down as CEO however held a 40% stake within the firm, mentioned bitFlyer stopped innovating and introducing novel services and products throughout his absence. .

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Moreover, he mentioned a number of CEOs have come and gone since his resignation, including:

It’s my duty to level out issues and demand enhancements (…) I reprimand folks after they trigger issues, make false reviews, or fail to do what they need to be doing.

BitFlyer is one in every of Japan’s largest cryptocurrency exchanges, serving over 2.5 million customers. Among the firm’s administrative issues had been brought on by Japan’s Monetary Companies Company’s 2018 regulatory requirements to implement stricter anti-money laundering measures. However, the previous CEO believes the “very strict laws” which have been put in place might function a “mannequin for the remainder of the world.”


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