Bitflyer: BitFlyer co-founder Yuzo Kano to return as Crypto Exchange CEO – Times of India

BitFlyer Holdings Inc.the board is about to reappoint the co-founder Yuzo Kano as CEO, a person with knowledge of the matter said, putting him back in charge of Japan’s largest cryptocurrency exchange after a dispute over ownership and management of the startup.
The move follows a shareholder meeting on Thursday when Kano’s proposed management change was approved, said the person, who asked not to be identified because the information is not public. Kano owns 40% of BitFlyer and pulled out of the lead role in 2019 after a regulatory crackdown.
A BitFlyer representative declined to comment.
Read more: BitFlyer founder seeks comeback to calm crypto exchange turmoil
The former Goldman Sachs Group Inc. derivatives and convertible bond trader is preparing to revamp the company so it can go public at home and expand further overseas, he said in a statement. interview last month. It plans to bolster BitFlyer’s business by introducing stablecoins, creating a tokenization operation, and potentially opening its Miyabi blockchain technology to the public.