• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
BitFlyer Co-founder Seeks Comeback To Resolve Management Issues

BitFlyer Co-founder Seeks Comeback To Resolve Management Issues

Beenish Khan
by Beenish Khan
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Yuzo Kano, a co-founder of the Japanese crypto exchange BitFlyer, has revealed plans to reinstate himself as CEO in the firm’s upcoming shareholders’ meeting by March. According to a Bloomberg report, Yuzo Kano seeks to resolve a dispute between the current management and shareholders over the firm with an IPO (initial public offering).

After resigning from his position in 2019, Kano still maintains a notable influence on BitFlyer, given his stake as the firm’s largest shareholder. Though he resigned as CEO, he retained a 40% stake in BitFlyer. And now claims his return as CEO will accelerate the firm’s growth into the international stage.

Related Reading: Bitcoin Mining Difficulty Set To Hit An All-Time High

Kano Is Coming Back To Accelerate The Growth of Web3 In Japan

With over 2.5 million user accounts, BitFlyer is among Japan’s largest cryptocurrency exchanges. The firm saw many of its international competitors leaving the local space recently. For instance, on December 28, 2022, Kraken announced the closure of its business operations in Japan by January 2023. And on January 18, Coinbase disclosed plans to suspend its operations in Japan by 2023.

With these top crypto exchanges exiting the Japanese crypto market, one would think that BitFlyer would have more breathing space to conduct its activities. However, some internal disputes seem to be weighing the exchange down.

According to Kano, BitFlyer is a company without innovation. He says he plans to change that by pointing out issues that require improvement and reprimanding people who cause problems, including those who present false reports or slack in their duties.

Related Reading: Bitcoin Correlation With The S&P 500 Falls To FTX Collapse Levels, But Why?

Kano noted that BitFlyer stopped being innovative and introducing new products after he resigned as CEO. But he plans to change that by adopting approaches that would accelerate Web3 development in Japan. According to the co-founder, he intends to reintroduce Japan as a giant in the cryptocurrency ecosystem and make it capable of competing internationally.

Furthermore, during his interview with Bloomberg, Kano said he intends to introduce stablecoins and build a token-issuance service into BitFlyer’s trading platform. Also, alongside his IPO plans in the coming months, Kano wants to change the BitFlyer blockchain to open-source. 

An initial public offering (IPO) is the process of opening shares of a private company to the public in a stock issuance for the first time. It allows the company to raise equity capital from public retail and corporate investors. This initiative is part of Kano’s strategy to accelerate BitFlyer’s growth and expand its operation into other crypto sectors.

Strict Regulations Would Make Japan A world Model In Crypto, Says Kano

In addition to internal disputes, BitFlyer’s management issues partly sprouted from the stringent regulatory policies imposed by the Japanese Financial Services Agency in 2019.

BitFlyer Co-founder Seeks Comeback To Resolve Management Issues
Cryptocurrency market flashes a green signal on the chart | Source: Crypto Total Market Cap on TradingView.com

The agency started cracking down on crypto exchanges in May 2019 as part of its efforts to review the money laundering policy. These actions placed pressure on many cryptocurrency exchanges and startups in Japan. 

Per reports, Japan was the first country to run a registration system for crypto exchanges. But while other crypto exchanges are closing shop in Japan partly due to regulatory pressure, Kano believes the country’s stringent regulations would set the pace for the world.

Featured image from Pixabay, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Beenish Khan

Beenish Khan

Follow

Full Profile

Related Posts

crypto, crypto exchange, Bitcoin, FTX

Crypto Oversight Concerns: State Regulators Warn Market Structure Bill May Hinder Anti-Fraud Protections

11 hours ago
Japan

Crypto In Japan May Soon Open Wider As Holdings Giant Pushes Expansion

22 hours ago
Grok Predicts Dogecoin Price: Is Maxi Doge the Next 1000x Crypto to Explode?

Grok Predicts Dogecoin Price: Is Maxi Doge the Next 1000x Crypto to Explode?

1 day ago
Whales Buy Nearly $1M in 5 Days: Bitcoin Hyper Is the Next Crypto to Explode

Whales Buy Nearly $1M in 5 Days: Bitcoin Hyper Is the Next Crypto to Explode

1 day ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 3)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 3)

23 hours ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 3)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 3)

23 hours ago

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    24 hours ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    1 day ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    1 day ago
  • 狗狗幣引領『Uptober』Meme...

    1 day ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.