BitFlyer Founder Seeks Return as CEO, Pushes For IPO

• BitFlyer founder Yuzo Kano is seeking to reinstate himself as CEO in a shareholders meeting next month.
• He hopes to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months.
• If reinstated, Kano intends to introduce stablecoins, build a token-issuance operation, and open-source bitFlyer’s blockchain.

BitFlyer Founder Seeks to Reinstated as CEO

Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month. Despite stepping down from his role three years ago, Kano has retained 40% stake in the company and has continued to have a significant influence on its operations.

Kano Hopes to Lead Firm Toward IPO

Kano claims he wants to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months. He also said he wants to put Japan back on the map in terms of international cryptocurrency trading.

Plans for Reinstatement

If reinstated, Kano intends to introduce stablecoins to the trading platform, build a token-issuance operation, and open-source bitFlyer’s “miyabi” blockchain technology for public use. He also plans on pursuing an IPO for bitFlyer during this period of time too.

Management Disputes

Kano resigned from his position three years ago due largely due management disputes that arose from regulatory pressures imposed by Japan’s Financial Services Agency. Since then there have been multiple CEOs come and go at bitFlyer because Kano has pointed out where they were falling short of expectations.

Conclusion

The future of bitFlyer remains uncertain but with Yuzo Kano returning as CEO there is hope that he can help bring innovation back into the crypto firm while leading it towards an eventual IPO offering too.