Yuzo Kano, the co-founder of Japan-based crypto exchange bitFlyer wants to reinstate himself as CEO with the intention of bringing the firm back to its former glory, he says.
Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm.
Kano resigned in 2019 following a series of management disputes but is now determined to reinvigorate the crypto firm and lead it toward an Initial Public Offering in the coming months, according to a Feb. 26The former CEO also said he also wants to put Japan back on the map in the world of cryptocurrency.
“I will make it capable of fighting on the international stage,” the bitFlyer co-founder said in a recent interview.According to the interview, if reinstated, he intends on introducing stablecoins to the trading platform, build a token-issuance operation, and open-source bitFlyer’s “miyabi” blockchain to the public, along with pursuing an IPO in the coming months.
Kano — who retained a 40% stake in the company despite stepping down — explained that during his time away as CEO, bitFlyer stopped innovating and launching new products and services, which he intends on changing.With over 2.5 million accounts, bitFlyer is one of the larger cryptocurrency exchanges in Japan. Some of its competitors, such as
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