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BitFlyer Co-Founder Seeks to Regain CEO Position and Lead IPO

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On February 27, it was reported that Yusan Kana, the co-founder of BitFlyer, plans to release a shareholder proposal at the shareholders\’ meeting of the parent…

BitFlyer Co-Founder Seeks to Regain CEO Position and Lead IPO

On February 27, it was reported that Yusan Kana, the co-founder of BitFlyer, plans to release a shareholder proposal at the shareholders’ meeting of the parent company in late March to restore his position as the chief executive of the exchange and guide him to conduct an initial public offering (IPO) to seek to end the dispute with the current management and other shareholders over the control of the start-up company. He pointed out that since he resigned as president, the company has not achieved results consistent with the cost. He pointed out that he hoped that after improving the company’s internal control and strengthening its compliance, the company would become a global startup that could compete on the world stage.

BitFlyer, a joint venture of Japan Cryptographic Exchange, seeks to reappoint as CEO and guides the company’s IPO

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The co-founder of BitFlyer, Yusan Kana, plans to put forth a shareholder proposal at the parent company’s shareholders’ meeting in late March to restore his position as the chief executive officer (CEO) of the exchange. In addition, he plans to use his leadership to conduct an initial public offering (IPO) and resolve the current dispute with the management and other shareholders regarding the control of the startup company.

Kana believes that the company has not achieved favorable results since he resigned as president. He hopes that by improving the company’s internal control and compliance, it can become a global startup that can compete on the world stage. Kana believes that as an experienced leader, he can guide the company towards achieving its goals and overcoming the obstacles that it currently faces. He wants to take control of the company once again and make the necessary changes to put it back on track.

The proposal that Kana intends to bring to the table has gained significant attention from shareholders and other stakeholders in the cryptocurrency industry. Some shareholders believe that Kana’s return as the CEO of BitFlyer might be what the company needs to overcome its current struggles and become a global giant in the industry.

The plan to conduct an IPO could have a substantial impact on BitFlyer’s future success. An IPO could increase the company’s visibility, liquidity, and financial strength, providing it with greater access to capital for further growth and expansion. However, the success of the IPO would depend on the company’s ability to attract new investors, demonstrate viable growth prospects, and improve its internal control and compliance procedures.

In conclusion, Yusan Kana’s proposal to regain his position as BitFlyer’s CEO and conduct an IPO could have a significant impact on the company’s future success. The proposal has received considerable attention from shareholders, and many believe that it could help the company overcome its current challenges and achieve significant growth in the future. The successful implementation of the proposal would depend on the company’s ability to develop a viable growth strategy, improve its internal control and compliance procedures, and attract new investors.

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