Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 33

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 33
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 which are events that occur after a specific period of time which reduces the block reward earned by miners; •changes in the nature or regulation of Ethereum following its migration to a proof -of -stakemodel; •disruptions, hacks, splits in the underlying network also known as “forks,” attacks by malicious actors who control a significant portion of the networks’ hash rate such as double spend or 51% attacks, or other similar incidents affecting the Bitcoin or Ethereum blockchain networks; •hard “forks” resulting in the creation of and divergence into multiple separate networks, such as Bitcoin Cash and Ethereum Classic; •the ability for blockchain networks to resolve significant scaling challenges and increase the volume and speed of transactions; •transaction congestion and fees associated with processing transactions on the Bitcoin, Ethereum or other networks; •informal governance led by the core developers of Bitcoin, Ethereum or other crypto assets that lead to revisions to the underlying source code or inactions that prevent network scaling, and which evolve over time largely based on self -determinedparticipation, which may result in new changes or updates that affect their speed, security, usability, or value; •the ability to attract and retain developers and users to use a specific crypto asset for payment, store of value, unit of accounting, and other intended uses; •the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoin; •negative perception of Bitcoin, Ethereum or a specific crypto asset; •development in mathematics, technology, including in digital computing, algebraic geometry, and quantum computing that could result in the cryptography being used by a specific crypto asset becoming insecure or ineffective; •regulatory or legislative restrictions or limitations on lending, mining or staking activities, including a finding that offering lending, mining or staking services to customers as a means to generate passive yield constitutes offering of a security under the laws of a particular jurisdiction; and •laws and regulations affecting the networks of Bitcoin, Ethereum or a specific crypto asset or access to these networks, including a determination that Bitcoin, Ethereum or a specific crypto asset constitutes a security or other regulated financial instrument under the laws of any jurisdiction. We are subject to extensive regulation in Japan and any adverse changes to, or our failure to comply with, any laws and regulations could adversely affect our brand, reputation, business, operating results, and financial condition. Due to our business activities, we are subject to ongoing examinations, oversight, and reviews, by Japanese regulators and self -regulatoryorganizations, including, but