Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 44

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 44
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 identification codes and often reference content in areas such as games, arts and sports. NFTs are a relatively newer and emerging type of digital asset, and the regulatory, commercial, and legal framework governing NFTs is expected to evolve both in Japan and other jurisdictions. NFTs, as unique items, are not currently regulated as crypto assets under Japan’s PSA, and we review supported NFTs before inclusion to confirm whether they could be regarded as either “securities” or “crypto assets” under current Japanese regulations. It is possible, however, that our determination of the status of particular NFTs could be challenged or that new regulations applicable to buying and selling of NFTs generally could be introduced in Japan. Our Coincheck NFT Marketplace is only available to customers who have established crypto asset exchange services accounts with us and therefore were subject to our KYC approval process. There can be no assurance that the KYC and other procedures that we have implemented for our crypto asset exchange services accounts will be sufficient to comply with any future regulations applicable to the operation of Coincheck NFT Marketplace, and we could be required to make changes to our Coincheck NFT Marketplace or other operating procedures in order to comply with any such regulations, which could adversely affect the success of our Coincheck NFT Marketplace and harm our business, operating results, and financial condition. As the trading of NFTs potentially implicates issues regarding a range of matters, including, but not limited to, intellectual property rights, privacy and cybersecurity, fraud, anti -moneylaundering, money transmission, sanctions, and currency, commodity, and securities law compliance, to help manage risks we have established an approval process, conducted in three stages, with our Business Development Office performing the initial review and the Legal & Compliance Department performing the secondary review prior to the final review by an internal review committee, based on the following criteria, which is whether: •the NFT is a non -substitutabletoken recorded on the blockchain, or whether the token standard is ERC -721or not, as we currently only support ERC -721; •the listing of the NFT on the Coincheck NFT Marketplace is regulated by any applicable laws or regulations; •the NFT itself breaches any applicable laws and rights (including whether any work is being used without the permission of the copyright holder); •the operating company of the NFT has any particular issues (including whether it engages with or is considered to be an anti -socialforce); and •the operating company of the N