Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 199

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 199
---
 crypto asset and to submit an assessment report to the JVCEA for its review. As no new crypto asset can be handled if the JVCEA raises any objection (including the setting or modification of incidental conditions for handling of crypto assets, hereinafter referred to as the “JVCEA Pre -Assessment”), a member is effectively required to obtain the JVCEA’s approval before it can begin handling a new crypto asset. Under the SRO Rules, member CAESPs must consider the characteristics of the crypto assets to be handled and carefully assess the appropriateness of handling such crypto assets if any of the following applies: (a)the crypto assets are being used or will likely be used in a manner that violates applicable laws and regulations or public order and morals; (b)the crypto assets are being used or will likely be used for criminal purposes; or (c)the crypto assets are used or will likely be used for money laundering or terrorist financing. Additionally, the SRO Rules prohibit member CAESPs from handling crypto assets to which any of the following applies, based on assessment of the characteristics of the crypto assets to be handled and the system of the relevant member CAESPs themselves: (a)crypto assets in respect of which the transfer, updating, or maintenance of ownership records involves serious impediments or raises serious concerns; (b)crypto assets for which the member CAESP is unable or unwilling to arrange for the conduct of an appropriate audit by a chartered accountant or an audit firm; (c)crypto assets that cannot or will not be safely managed or disbursed by the relevant member CAESPs in a systematic or other manner; or (d)in addition to the above, crypto assets that make it impossible or impractical for the relevant member CAESPs to properly and reliably comply with their obligations under the PSA. As of August9, 2024, there are 96 types of crypto assets being handled by CAESPs. In addition, as of December 26, 2022, the JVCEA SRO Rules were amended to establish (i) the Green List System which exempts certain member CAESPs (Green List Eligible Members) from the JVCEA Pre -Assessmentfor crypto assets designated by the JVCEA, and (ii) the Crypto Asset Self Check System (CASC System) which exempts certain member CAESPs (CASC Eligible Members) from the JVCEA Pre -Assessmentexcept in specific cases. Under the Green List System,