Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 152

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 152
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 “VASPs”) of certain information 
(including information of the sender and recipient in connection with the transfer of crypto assets) (the “Transfer 
Information”) when sending crypto assets to another VASP according to Article 10-5 of the Revised APTCP.
The prescribed jurisdictions, designated by the JFSA, currently are the United States, Albania, Israel, 
Canada, the Cayman Islands, Gibraltar, Singapore, Switzerland, Serbia, the Republic of Korea, Germany, the 
Bahamas, the Bermuda Islands, the Philippines, Venezuela, Hong Kong SAR, Malaysia, Mauritius, Liechtenstein, 
Luxembourg, the United Arab Emirates, India, Indonesia, the United Kingdom, Estonia, Nigeria, Bahrain and 
Portugal.
The list of VASPs in the prescribed jurisdictions (the “Subject VASPs”) is researched and published by the 
JVCEA, and is subject to update approximately once every six months, and we are required to monitor the list and 
update its system in accordance with such periodic updates. Additionally, a new jurisdiction may also be added to 
the prescribed jurisdictions by the JFSA from time to time.
Travel Rules Solutions
In order to send the Transfer Information to the Subject VASPs, an information transfer system (the 
“Transfer System”) must be utilized. Although various types of Transfer Systems are currently available to the 
VASPs in the market, none of them are compatible with other types of Transfer Systems. Accordingly, Transfer 
Information can only be exchanged between VASPs using the same Transfer System and, as a result, CAESPs can 
only transfer crypto assets to a Subject VASP that has adopted the same Transfer System.
Moreover, notifications of the Transfer Information are only available for transfers of crypto assets that are 
supported by the Transfer System. As a result, the crypto assets that can be transferred under the travel rules are 
limited to such crypto assets.
We have adopted a system called “Travel Rule Universal Solution Technology” (“TRUST”), which has 
been adopted by us as well as other CAESPs in Japan. Among the crypto assets handled by us, as of May 13, 2025 
TRUST only supported BTC, ETH, LSK, BAT, ENJ, SAND, FNCT, CHZ, LINK, DAI, MKR, AXS, APE, IMX, 
WBTC, SHIB, PEPE, MASK, MANA, and GRT. 
Impact on Business
As stated above