BitFlyer Founder Eyes Comeback and Plans for IPO
- Yuzo Kano, co-founder and former CEO of BitFlyer Holdings Inc., wants to return as CEO and lead the company to an IPO.
- Kano claims that BitFlyer has stopped innovating since his departure.
- The former CEO plans to open-source BitFlyer’s blockchain, and introduce stablecoins, among other plans.
In an effort to resolve a dispute with the current management and other shareholders over control of BitFlyer Holdings Inc., co-founder Yuzo Kano seeks to return to his role as CEO of Japan’s largest cryptocurrency exchange. Kano expects to reclaim his position as CEO in a meeting with shareholders next month, a report reveals.
After resigning in 2019 due to internal conflicts, Kano wants to revitalize the cryptocurrency firm and guide it toward an IPO (Initial Public Offering). The former CEO has also stated his desire to restore Japan’s dominance in the cryptocurrency industry.
“I will make it capable of fighting on the international stage,” Kano said in a recent interview.
According to his interview, if he is reinstated, he plans to open-source BitFlyer’s “miyabi” blockchain to the public and introduce stablecoins to the trading platform, alongside the pla…
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