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BitFlyer Holdings' co-founder, Yuzo Kano, who stepped down from the role of CEO in 2019, plans to return as CEO, stating his proposal to shareholders next month. Kano, who owns 40% of BitFlyer, wants to guide the firm to an initial public offering after a deal to sell the exchange was scrapped last year, he suspects as part of an attempt to push him out. In 2018, Japan's Financial Services Agency ordered BitFlyer to adopt more stringent anti-money laundering measures, leading Kano to step aside. Kano wants to introduce stablecoins and building a token-issuance operation, and potentially open up its Miyabi blockchain technology to the public to enhance the business.