Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 102

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 102
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 more than ¥500,000 (Article 111 of the PSA).

Therefore, it is prohibited for Satoshi Hasuo, as a director of the JVCEA (who is also Coincheck’s

Chairman, Representative Director and Executive Officer), to use information obtained in connection with his duties

at the JVCEA for any purpose other than the association’s business, and to act against the interests of other member

CAESPs.

The JVCEA secretariat, which is established under the JVCEA Articles of Incorporation, handles most of

the JVCEA’s business as a self-regulatory organization. The JVCEA secretariat does not disclose information

regarding the operations of individual member CAESPs or information regarding examinations related to the

handling of individual crypto assets, except when necessary or unavoidable, in order to avoid any conflict of interest

due to such dual positions.

Under the PSA, a CAESP that proposes to handle a new crypto asset is required to notify the JFSA in

advance. Additionally, the JVCEA requires all member CAESPs wishing to deal in a new crypto asset to first

conduct an internal assessment of the new 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