Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 166

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 166
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 accordance with the amendment to the Payment Services Act, which went into effect on May 1, 2020, although the requirements to qualify as a crypto asset remain unchanged.As a result, anti -moneylaundering (“AML”) and counter -terroristfinancing (“CFT”) regulations began to be applied to cryptocurrency exchanges. Additionally, in order to protect users and enforce proper and reliable business practices, the JFSA’s administrative guidelines required cryptocurrency exchange companies to establish a system for examining how cryptocurrencies are handled and a system for appropriately verifying risks. In March 2018, the JVCEA was established and became a certified self -regulatoryorganization in October of the same year. The JVCEA formulates and publishes self -regulatoryguidelines and rules in compliance with various JFSA guidelines to protect users and strengthen the AML/CFT system. Domestic cryptocurrency exchange companies and self -regulatoryorganizations are currently developing rules for AML/CFT systems and the establishment of an international framework of remittance rules is expected in the future in response to the Financial Action Task Force Recommendation 16 in the annual report of the Japan Financial Intelligence Center, an organization of the Japanese Police Agency. We believe that Japan’s robust regulatory environment has been developed ahead of other markets in the world, contributes to greater acceptance of crypto assets by Japanese individuals and places domestic exchanges in an advantageous position. 111 Our Strengths We have a leading position in the Japanese retail market. As of September 30, 2024, we had a significant share of the Japanese market, with 19.1% of domestic verified accounts, based on data provided by the JVCEA: Source:Created by us based on public information made available by the JVCEA. Our product and business strategy is driven in large part by our customer demographics, with broad token coverage, NFT support, and Web3 all appealing to millennials and later generations. One of our founding missions is to provide enhanced products and services to digital/mobile -nativeusers in the crypto market. We provide our young, loyal retail customer base with exposure to crypto assets via a user -friendlycrypto trading marketplace, mobile -nativeuser interface (app), seamless KYC onboarding and a dedicated NFT marketplace. Our strong market position facilitates further brand recognition which helps us attract not only users, but also engineers and product developers. This allows us to continue to operate a consistent cycle of innovation and leadership. We also believe this brand recognition will be an advantage as we seek to develop the institutional market for