Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 195

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 195
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 to that recorded on electronic devices or other objects by electronic means and excluding Japanese and other foreign currencies, currency denominated assets and electronic payment instruments (excluding currency denominated assets); the same applies in the following item) and that may be transferred using an electronic data processing system; or •proprietary value that may be exchanged reciprocally for proprietary value specified in the preceding item with an unspecified person and that may be transferred using an electronic data processing system. Under Japanese law, “crypto assets” do not constitute a “security” as such term is defined in the FIEA. The term CAES is defined in the PSA to mean any of the following acts carried out as a business: (a)sale or purchase of crypto assets, or the exchange of a crypto asset for another crypto asset; (b)intermediating, brokering or acting as an agent in 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. 132 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