Yuzo Kano, co-founder and former chief executive officer (CEO) of Japan’s largest cryptocurrency exchange bitFlyer Inc., said he plans to return as CEO and steer the company towards an initial public share sale to resolve management conflicts, Bloomberg reported Monday. Kano stepped down as CEO in 2019, but remains the company’s largest shareholder with a 40% stake. BitFlyer sought a sale to Singapore-based fund ACA Partners last year, which Kano said was a maneuver to dilute his stake in the exchange. (forkast)
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BitFlyer Founder Eyes CEO Comeback, Share Sale amid Boardroom Conflicts
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