- Yuzo Kano, one in every of BitFlyer Holdings Inc. co-founder and former CEO, desires to return as CEO and lead the corporate’s IPO.
- Kano says BitFlyer has stopped innovating since his departure.
- The previous CEO plans to open-source BitFlyer’s blockchain and launch stablecoins, amongst different plans.
To resolve a dispute with present administration and different shareholders concerning BitFlyer Holdings Inc. management, co-founder Yuzo Kano is searching for to return as CEO of Japan’s largest cryptocurrency change. Kano is predicted to regain his function as CEO at a gathering with shareholders subsequent month, the report revealed.
in 2019 after resigning resulting from inside conflicts, Kano desires to revive the cryptocurrency firm and steer it in the direction of an IPO (preliminary public providing). The previous CEO additionally acknowledged that he desires to revive Japan’s dominance within the cryptocurrency trade.
“I’ll make him able to combating on the worldwide stage,” Kano mentioned in a current interview.
In accordance with his interview, if reinstated, he plans to open-source BitFlyer’s miyabi chain and introduce stablecoins to the buying and selling platform alongside plans for an IPO. Kano, who stepped down as CEO however retained a 40% stake within the firm, mentioned BitFlyer stopped innovating and introducing new services after his departure.
He additionally talked about that some CEOs have been out and in since his departure, including:
It is my accountability to level out issues and demand enchancment (…) I rebuke folks after they trigger issues, make false reviews, or do not do what they’re purported to do.
BitFlyer is one in every of Japan’s largest cryptocurrency exchanges, serving greater than 2.5 million customers. The corporate’s administrative issues had been partly the results of a 2018 choice by Japan’s Monetary Providers Company. regulatory requirements to implement extra stringent anti-money laundering measures. However, the previous CEO believes that the “very strict guidelines” applied may set an “instance for the remainder of the world”.
