Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 57

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 57
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 to serve customers in jurisdictions outside of Japan. On June 30, 2022, the European Union announced a provisional agreement on markets in crypto assets regulatory framework meant to clarify the responsibilities and obligations of crypto asset service providers, establish a licensing scheme and protect consumers. The regulatory framework Regulation (EU) 2023/1114 on Markets in Crypto -Assets(MiCAR) was formally adopted on May 16, 2023, and the first phase, in which issuers of asset -referencetokens must be authorized in the European Union (including through submission of a detailed application meeting specific compliance obligations) and e -moneytokens can only be offered in the European Union by credit institutions and electronic money institutions authorized in the European Union (after submission of a white paper to the competent supervisory authority), has been applied from June 30, 2024. The remainder of MiCAR applies from December30, 2024. If the Company’s activities would be expanded outside of Japan and crypto -assetservices (other than issuing asset -referencetokens or e -moneytokens) would be provided within in the European Union, as of that date a license as crypto -assetservice provider (CASP) from the competent supervisory authority would be required. Moreover, the offer to the public in the European Union of crypto -assetshas been restricted by MiCAR and includes detailed requirements on the information that needs to be notified and made available in the form of a white paper, depending on the type of crypto -assets. When either targeting customers in the European Union and/or providing crypto -assetservices in the European Union, these MiCAR requirements need to be complied with. Finally, on November 24, 2023, the European Banking Authority launched a public consultation on new guidelines to prevent the abuse of funds and certain crypto asset transfers for money laundering and terrorist financing purposes, further highlighting the continually evolving regulatory landscape in which we operate. 31 To the extent that we expand internationally in the future, we would become subject to a heightened risk of enforcement action, litigation, regulatory, and legal scrutiny which could lead to sanctions, cease and desist orders, or other penalties and censures which could significantly and adversely affect our continued operations and financial condition. We may suffer losses due to staking, delegating, and other related services we provide to our customers. Certain supported crypto assets enable holders to earn rewards by participating in decentralized governance, bookkeeping and transaction confirmation activities on their underlying blockchain networks, such as through staking activities