BitFlyer Founder Seeks Comeback to Calm Crypto Exchange Turmoil
- Japan’s top cryptocurrency exchange was almost sold last year
- Former CEO Yuzo Kano seeks to return, guide startup to an IPO
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BitFlyer Holdings Inc. co-founder Yuzo Kano plans to reinstate himself as chief executive officer of Japan’s biggest cryptocurrency exchange and guide it to an initial public offering, seeking to end a dispute with current management and other shareholders over control of the startup.
Kano, who owns 40% of BitFlyer and stepped aside from the top role in 2019 after a regulatory crackdown, said he will put forward his proposal at a shareholders meeting planned for next month. “I will make it capable of fighting on the international stage,” the 47-year-old said in an interview.