Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 148

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 148
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 by continuing to keep the account open with us and using our services. Only adults resident in Japan are eligible to open accounts to use our cryptocurrency exchanges. We do not open accounts for those under 18 years of age or over 75 years of age. We comply with “know -your -customer,” or “KYC,” guidelines developed by the JVCEA in order to help ensure compliance with Japanese laws and regulations. Our KYC process is designed to obtain the necessary information from potential customers while enabling them to complete the process smoothly using their smartphone. Our KYC procedures include screening to confirm that a prospective customer is not a person subject to international sanctions regimes, in addition to confirming the prospective customer resides in Japan. The account opening process includes: •Account registration: The prospective customer initiates the account opening process by entering an email address and password, upon which a link is sent to the prospective customer’s email. •Acceptance of terms: After confirming eligibility as to age and residence in Japan and acceptance of the account terms, the prospective customer registers a cellphone number and receives an SMS to enter a code to proceed to the identification verification process. 97 •Identification verification: The prospective customer then provides the additional personal information required, selects a form of identification for verification, uploads a picture of the chosen identification and also uploads a photo for verification. •Two -stepverification: Once identification verification is completed, the potential customer is prompted to set up two -stepverification to provide greater security when using the established account. We require two -stepverification for customers to access their trading accounts. •Bank account registration: Once an account is approved, the customer is able to register the customer’s own bank account in Japan for deposit and withdrawal of funds. In order to register a remittance address, we require authentication by email address and SMS in addition to the use of identification, password and two -stepverification at the time of login. After an account is opened and the customer deposits yen into his or her account by bank transfer, such amount is held at a segregated deposit with a trust bank. If the customer places a purchase order for a crypto asset, we instruct the trust bank to transfer the payment amount to our account. The purchased crypto asset is then credited to the customer’s account and held in a cold wallet. Our KYC team continues to check existing customers against a database of sanctioned persons on an ongoing basis; our policy is to freeze the applicable account and investigate further in the event of a match. When an existing customer requests the transfer of crypto assets