Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 124

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 124
---
)*                      • The Sandbox (SAND)     
• Dogecoin (DOGE)*                • Shiba Inu (SHIB)*      
• Enjin Coin (ENJ)*               • Wrapped Bitcoin (WBTC)*
• Ethereum (ETH)*                                          
We continuously evaluate supporting additional cryptocurrencies on our platforms.  If a proposed 
additional cryptocurrency is not already on a JVCEA pre-approved list, we first confirm with the JVCEA that it has 
no objection. In all cases, our internal evaluation process requires that the proposed cryptocurrency meet the 
following criteria, both prior to its introduction on one of our platforms and continuously thereafter:
•the asset is a “crypto asset” under the definition set out in Section 14 Article 2 of the Payment Services
Act (PSA);
•the currency is appropriate for us to introduce from user protection and public interest perspectives;
•the chain is stable;
•there is equal purchasing opportunity for the asset;
•the program is disclosed to the public and no material vulnerability has been identified;
•the marketing materials do not include contents that are misleading;

61

•the asset does not breach public policy (for example, it is not similar to gambling);
•the asset is compatible with cold wallets;
•the transactions are traceable and do not remain confidential or anonymous from an anti-money
laundering (AML) or countering financing of terrorism (CFT) rule perspective;
•the asset meets our “sufficient liquidity” requirement;
•the asset is neither being used nor likely to be used in a manner that violates laws and regulations or
public order and morals;
•the asset is neither being used nor likely to be used in crimes, including money laundering and
financing of terrorism;
•the asset has no significant concerns or obstacles as to its transferability and traceability to record and
update possessions;
•the asset can properly be audited by an auditor;
•the asset can be screened before transfer using a blockchain analysis tool;
•the asset can be safely stored and transferred in our system or otherwise without difficulties;
•our offer and support of the asset can properly and reliably fulfill obligations under the PSA; and
•the transfer record of the asset can be traced without any difficulties.
We further evaluate the following risks to satisfy ourselves that our offer and support of the cryptocurrency 
is unlikely to create risk exposure which exceeds our risk appetite or that we otherwise consider to be too high or 
unreasonable a risk for us:
•market risk: the risk of significant price decline