Yuzo Kano is the co-founder, representative director, and CEO of bitFlyer, a Japan-based crypto assets exchange. In this article, you will learn more about this visionary leader who has made wide contributions to the growth of cryptocurrencies in Japan.
Yuzo Kano: A Brief Profile
Yuzo Kano is a former student of the University of Tokyo’s Graduate School of Engineering. He co-founded bitFlyer in 2014, after working for a brief period in the investment banking firm Goldmann Sachs. Through the formation of this exchange, Yuzo Kano has contributed a lot to the public discussion on the regulatory reforms in the crypto space and the general establishment of cryptocurrency regulatory bodies and laws in Japan. He is also a visionary who has contributed to a global consensus regarding crypto asset exchange platforms.
His experience as the CEO of bitFlyer USA, Inc. and Chairman of bitFlyer EUROPE S.A. has made Yuzo Kano adept at formulating opinions regarding crypto asset exchanges. The Japan Virtual Currency Exchange Association (now known as the Japan Virtual and Crypto Assets Exchange Association, or JVCEA) was founded in 2018 with Yuzo Kano as one of its founders.
He has also adorned the role of an industry expert in the Executive Committee for the Basic Plan for the Advancement of Public and Private Sector Data Utilization organized by the Cabinet Secretariat of Japan.
At present, Yuzo Kano is adorning various posts such as the Representative Director & CEO of bitFlyer Holdings, Inc., Representative Director of bitFlyer, Inc., Representative Director of bitFlyer Blockchain, Director of bitFlyer USA, Inc. and Director of Custodiem, Inc.
More importantly, Yuzo Kano is chairing the Japan Blockchain Association (JBA). He is involved in many activities for the development of the web3 industry and is taking forward his company’s mission of simplifying the world with blockchain with blockchain technology.
More About The bitFlyer Cryptocurrency Exchange And Its Services
bitFlyer is a Japanese crypto assets exchange co-founded by Yuzo Kano. It was founded in 2014. The exchange was a major force in the crypto space of Japan until 2018 when its working saw a downfall when it stopped recruiting new customers. This was a result of the Japanese government’s regulatory interference stating that the exchange was acting not adequately against terrorist financing and money laundering activities involving cryptocurrencies.
As a result of the constant development measures under the governance of Yuzo Kano, bitFlyer became the largest cryptocurrency exchange in Japan in 2016. It had a share of 100,000 users and was processing about 7 billion yen ($64 million) in monthly cryptocurrency transactions.
Yuzo Kano also introduced partnerships with retailers, mobile app companies, and payment processors to facilitate smartphone-based cryptocurrency payments at retail locations through the bitFlyer exchange.
BitFlyer offers many services to its customers. Customers can buy or sell cryptocurrencies with each other or directly with the BitFlyer exchange. In addition to the exchange service, the BitFlyer exchange has also launched futures contracts and bitcoin derivatives services.
By 2019, Bitcoin also added Ethereum and Litecoin to its services. Moreover, you can pay for goods and services or buy cryptocurrency using credit cards or loyalty programs.
The Bottom Line
Yuzo Kano is a visionary leader in the cryptocurrency industry who has contributed immensely to the growth and development of cryptocurrency exchange trading in Japan.
Through his entrepreneurial venture bitFlyer, Yuzo Kano carved a coveted space for himself in the industry and soon became the CEO of one of the largest cryptocurrency exchanges in Japan. He has also contributed his expertise to the development and expansion of cryptocurrency exchange services to other parts of the world.
With his expertise and skill and the insights he has about the industry, Yuzo Kano is sure to become a global leader in the crypto industry. He has the idea and potential to help the world transition smoothly towards the adoption of decentralized finance.
