Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 188

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 188
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 respect of the activities listed in item (a); (c)management of customers’ money in connection with the activities listed in items (a) and (b); or (d)management of customers’ crypto assets for the benefit of another person. Under the PSA, CAESPs are required to: (a)take the measures necessary to ensure the safe management of available information; (b)provide sufficient information to customers; (c)take the measures necessary for the protection of customers and the proper provision of services; (d)segregate the property of customers from their own property and subject the segregation to regular audits by a certified public accountant or audit firm; and (e)establish internal management systems to enable the provision of fair and appropriate responses to customer complaints, and implement measures for the resolution of disputes through alternative dispute resolution proceedings. With respect to item (b), a CAESP is required to explain certain matters (such as the fact that the crypto assets do not constitute Japanese yen or any other foreign currency) to users in advance before conducting crypto asset trading for users. 124 Also, a CAESP is required to provide certain information to users in advance before providing CAES to users. Such information includes: (i)its trade name and address; (ii)its registration number; (iii)the content of transactions; (iv)an outline of every crypto asset it handles; and (v)its fees and other charges. Additionally, when a CAESP receives cash or crypto assets from its users, it must provide the users with the following information without delay: (i)its trading name and registration number; (ii)the amount of cash or crypto assets received; and (iii)the date of receipt of such cash or crypto assets. Furthermore, when a CAESP conducts crypto asset transactions with users on an ongoing basis, it must provide users, at least once every quarter, with records of its transactions with users, and the balances of the user’s cash and crypto assets that are managed by the service provider. With respect to item (d) above, a CAESP that manages users’ fiat currency and crypto assets must segregate such property from its own property. For purposes of fiat currency management, such currency must be held in trust with a trust bank or trust company for protection against the CAESP’s bankruptcy. In the area of crypto asset management, stringent rules, as set forth below, have been put in place to protect users from leakages of crypto assets and from the bankruptcy of a CAESP: •a