New CEO to be appointed at Tokyo Financial Exchange

Japanese futures exchange - Tokyo Financial Exchange (TFX) declared Nobuyuki Kinoshita will take over from outgoing CEO Shozo Ohta at the end of June
08 June 2018   872

Shozo Ohta will be replaced by Nobuyuki Kinoshita (he is presently with Aflac Life Insurance Japan). Ohta’s departure and Kinoshita’s appointment will first have to be authorised by shareholders at the general meeting on the 26th of June. This announcement goes after a positive month of trading for TFX. The volumes significantly increased in FX as Japanese investors put their money into the Turkish Lira. Exept for an April dip in trading, driven by volatility shortering, the company has recommended itself well in 2018.

As supposed, Kinoshita will enter a company that does not need any crisis management but demands a reliable chief to provide it maintains its current performance levels. Kinoshita should be up to the task if mention his wealth of experience. 

He has worked for the past four years in the Japanese division of American insurance giant Aflac. Within this period of time, he acted as senior advisor of the firm and was responsible for investigations and disseminating information on the Japanese financial system. Before this, Kinoshita was Secretary General of the Securities and Exchange Surveillance Commission (SESC). The SESC operates a regulator for the securities and futures markets in Japan.

The outgoing TFX CEO has been in the sphere of financial services for almost 50 years. He was employed since TFX in 2002, when the company was still known as The Tokyo International Financial Futures Exchange. He has kept his present function for about 10 years, having been appointed as CEO in 2009.

Bitcoin Card Shift by Coinbase to be Deactivated

There's no info on reasons for this decision, but Shift Payments hope to relaunch the program and issue new cards in the near future
18 February 2019   82

Representatives of Shift Payments have announced the completion of the debit card service program for clients of the American cryptocurrency company Coinbase. So, from April 11, the cards will become invalid, according to The Block.

Note that the issuer of bitcoin cards with support for networks of Visa and Mastercard was Metropolitan Commercial Bank.

As reported, Shift Payments said that they "hope to relaunch the program and issue new cards in the near future." It remains unclear why the debit card is shutting down.

Debit bitcoin cards became available to Coinbase users in November 2015.