Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 192

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 192
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)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 March27, 2025, there are 103 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, crypto assets that meet all of the following four criteria are designated by the JVCEA as “crypto assets widely handled in Japan” on its webpage and the JVCEA Pre -Assessmentis not required for such crypto assets when a Green List Eligible Member handles them: (a)Crypto assets that have been handled by three or more member CAESPs; (b)Crypto assets that have been handled by one member CAESP for at least six months; (c)Crypto assets for which the JVCEA has not set ancillary conditions for handling; and (d)Crypto assets that have not been deemed inappropriate for the Green List System by the JVCEA for any other reason. 127 Taking into account the above, we note that the Green List System does not require the JVCEA Pre -Assessmentonly for “crypto assets widely handled in Japan,” while