FINANCE - FINTECH

Crypto

Bitflyer Europe under new management



Rikiya Masuda himself has announced that he is leaving Luxembourg to return to Japan and hand over the reins to a trio. (Photo: Maison Moderne/Archives)

Rikiya Masuda himself has announced that he is leaving Luxembourg to return to Japan and hand over the reins to a trio. (Photo: Maison Moderne/Archives)

The director of Bitflyer Europe, a Japanese fintech that arrived in Luxembourg via former finance minister Pierre Gramegna, Rikiya Masuda, announced his return to Japan, with a trio appointed to succeed him.

After amazing 5 years, I resigned from the Board and Authorised Management of bitFlyer Europe and I'm moving back to Japan,” Masuda wrote on his Linkedin page.

A year after former COO Andy Bryant left for London where he created Vektor, the transition was being prepared: Ami Nagata, who arrived in September, became co-director and operational director; Edouard Kemp, who arrived in November from PolySign after working at BitStamp and J. P. Morgan in Luxembourg, became the financial director; and since Monday, Ajinkya M. Tulpule, who worked for Ferrero and Whirlpool, became compliance director.

Last April, Bitflyer became the first fintech in Luxembourg to obtain a VASP (virtual asset services provider). The company is licensed by the CSSF, the Luxembourg Financial Supervisory Commission. The Japanese fintech is also licensed in Japan for Asia and the US, a unique case in the crypto world.

A wholly-owned subsidiary of BitFlyer, the fintech generated a turnover of €12m at the end of 2020, in the context of trading seven cryptocurrencies, including bitcoin. It employs 21 people.

This story was first published in French on Paperjam. It has been translated and edited for Delano.