Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 152

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 152
---
 the affected CAESPs in order to determine the appropriate action to take. In the event a crypto asset were to no longer be supported, we believe the JVCEA’s procedures regarding discontinuation described below would apply. According to Article 10, Paragraph 1 of the JVCEA “Regulations Concerning Handling of Crypto Assets,” when a CAESP discontinues the handling of digital assets, the CAESP must notify its users at least 30 days prior to the date of discontinuation through its website or other means of communication that are easily accessible to users, together with a public notice of discontinuation based on Article 63 -20, Paragraph 3 of the PSA. In addition, according to Article 10, Paragraph 2 of the same regulation, when making such public notice, the CAESP must provide the following information to users: (i)The name of the digital assets to be discontinued (“Discontinued Digital Assets”); (ii)The date of discontinuation; (iii)The reason for discontinuation; (iv)The existence or non -existenceof other CAESPs handling the Discontinued Digital Assets as of the date of notification and the name of such CAESPs; (v)The policy on the return of the Discontinued Digital Assets; and (vi)Information necessary to return the Discontinued Digital Assets to users. Additionally, tokens, such as NFTs, that have no economic function as a means of payment because of their unique characteristics, are not currently regulated under Japanese financial regulations. Coincheck currently only handles cryptocurrencies, which fall under the category of crypto assets, and NFTs, which do not fall under the category of either crypto assets or ERTRISs. Therefore, Coincheck is only registered as a CAESP and not as a Type I FIBO (although it plans to apply for registration as a Type I FIBO later this year in order to be able to expand the types of products it offers). An outline of the regulations for CAESPs is as follows. Regulations on Crypto Asset Exchange Service Under the PSA, a CAESP is required to be registered with the JFSA or is subject to criminal proceedings and punishment. The term “crypto asset” is defined in the PSA as a property value that satisfies the following conditions: it can be used to pay unspecified persons for goods, services, or leases; it can be exchanged with unspecified persons for fiat currency; it is electronically recorded and transferable; and it is not a fiat currency or a currency -den