• BitFlyer has determined to reappoint Yuzo Kano as CEO of the corporate.
• The choice got here after Kano’s proposal for his return was accepted.
• Kano identified that he intends to deliver stablecoins to the platform, main it to an IPO.

Japan-based crypto alternate BitFlyer has determined to nominate its co-founder, Yuzo Kano, as the corporate’s CEO for the second time. The supply aware of the matter reported that the corporate, after an extended debate over the possession of BitFlyer, got here to the conclusion to award Kano as CEO.

Beforehand, in 2019, Kano stepped down as CEO, after a sequence of administration disputes led the nation’s Monetary Companies Company (FSA) to research the alternate, demanding stricter KYC and AML measures.

Nonetheless, in February 2023, Kano being a serious shareholder of the corporate, with a 40% stake, raised considerations a few return to the alternate, with the intention of main it to an IPO (IPO ) within the coming months. He added that he would lead the corporate on a world stage, commenting that he would “make it able to competing on the worldwide stage”.

Considerably, Kano reassured that he would introduce stablecoins to the platform as soon as again within the enterprise. He added that his agenda was to construct a tokenization operation and open the corporate’s “miyabi” blockchain to the general public.

Curiously, he pointed to the assorted executives who took over operating the corporate and solely uncovered follies and inconveniences, commenting:

It’s my duty to report issues and demand enhancements (…) I reprimand folks once they trigger issues, make false reviews or don’t do what they’re imagined to do.

On March 30, 2023, in the course of the basic assembly, Kano’s proposal for the modification of the administration and his volunteering within the previous place, have been accepted.

Though BitFlyer officers declined to remark, the individual aware of the matter claimed that Kano would return to his previous place. The individual was reluctant to disclose their id because the case has not but been made public.