Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 167

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 167
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 as to its transferability and traceability to record and update possessions; •the asset can properly be audited by an auditor;

111 •the asset can be screened before transfer using a blockchain analysis tool; •the asset can be safely stored and transferred in the system or otherwise without difficulties; •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 confirm that the asset has no exposure to any of them: •market risk: the risk of significant price decline due to oversupply and other factors; •credit risk: the risk that operation of the project may fail and the asset may substantively extinguish; •liquidity risk: the risk that holders are unable to transfer or redeem the asset due to low liquidity; and •other risks that are general to crypto assets or unique to certain assets, including hacking risk, risk of losing the asset due to falsification of records and reputation risk to us. In addition, we also evaluate such cryptocurrencies from a commercial point of view by comprehensively considering a variety of factors including the industry trends, market penetration of such cryptocurrencies (determined based on factors including market capitalization and trading volume) and status of the JVCEA evaluation. Our Accounting & Listing Department reviews, verifies and revises the above evaluation criteria periodically or on an as -neededbasis. Our internal process for the approval of such cryptocurrencies for trading is as follows: first, our Accounting & Listing Department and other key project members conduct an initial evaluation based on the above criteria; second, our Legal & Compliance Department conducts an additional review to determine whether it is appropriate that we handle such cryptocurrency; third, based on the results of this review, our Accounting & Listing Department formulates a proposal relating to the handling of such cryptocurrency and submits this proposal to our Management Meetings; fourth, our Management Meetings, which includes our President, Executive Director in charge of legal (CLO), Executive Director in charge of finance (CFO), Executive Director in charge of risk and Executive Director in charge of information technology (CTO), will review such proposal and if such cryptocurrency is determined to be appropriate for our handling, the President will approve such proposal through a discussion at such Management Meetings; and finally, this resolution is reported to our Board of Directors. After this internal approval process is completed, the relevant internal departments in charge of the new cryptocurrency will develop the systems necessary to handle the cryptocurrency on our platforms and prepare brief explanatory materials for the benefit of our users