Co-founder of BitFlyer Plans to Restore Position as CEO and Launch 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…
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
Interpretation of the news:
Yusan Kana, co-founder of BitFlyer, plans to put forward a shareholder proposal to regain his position as the chief executive officer (CEO) of the company at the parent company’s shareholders’ meeting in late March. This move comes as a result of a dispute with current management and other shareholders over control of the start-up company. Kana also aims to launch an initial public offering (IPO) to help resolve the issue.
Kana resigned as president, and since then, he believes the company has not been able to achieve results consistent with its costs. His return as CEO could be instrumental in reviving the company’s fortunes. Kana hopes to improve the company’s internal control and strengthen its compliance to help the company become a global startup that can compete on the world stage.
BitFlyer is a leading cryptocurrency exchange platform that allows customers to buy, sell, and store virtual currencies such as Bitcoin, Ethereum, and Litecoin. It is one of the largest and most popular cryptocurrency exchanges in the world. Established in 2014 in Tokyo, BitFlyer has expanded its services to include Europe and the United States.
The dispute over control of BitFlyer has caused significant disruption to the company’s operations, and Kana’s proposal to restore his position could help resolve this issue. An IPO would provide the company with the funds needed to expand its operations and to compete on a global scale. It would also allow it to comply with regulations and gain more public trust.
It is critical for BitFlyer to focus on improving its internal control and compliance issues to ensure sound business practices. With Kana’s experience and leadership skills as CEO, the company can better leverage its resources to achieve global success.
In conclusion, Yusan Kana’s proposed shareholder proposal to restore his position as the chief executive of BitFlyer and launching an IPO is a significant development for the company. A successful resolution of the conflict is vital for the company to maintain its position as one of the leading cryptocurrency exchanges in the world.
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