Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 156

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 156
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 solicitation of transactions by officers and employees of CAESPs providing Crypto
Asset-Related Information; and

82

•prohibition of proprietary trading by officers and employees of CAESPs using Crypto Asset-Related
Information.
To stay in compliance with the JVCEA SRO Rules, we have established internal rules with regard to 
information management as well as crypto asset trading restrictions, including Rules Concerning the Examination of 
Transactions to Prevent Unfair Trading and a Procedures Manual for Trade Screening, and monitor trading activities 
by our employees.
Non-Fungible Tokens
Under the current financial regulations in Japan, NFTs are not generally regulated and are not deemed 
crypto assets under the PSA. Therefore, NFTs are not subject to the custody rules applicable to crypto assets. In 
addition, NFTs would not constitute securities or ERTRISs, under the FIEA if their holders do not share in profits or 
receive dividends in respect of the NFTs. Our process for approving the listing of NFTs on Coincheck NFT 
Marketplace includes confirming that the NFTs are neither crypto assets under the PSA nor ERTRISs under the 
FIEA, but our determination is not binding on regulatory authorities or courts in Japan (see also “Risk 
Factors — Risks Relating to Our Business, the Crypto Industry, and Crypto Assets — We also operate Coincheck 
NFT Marketplace, which may expose us to legal, regulatory, and other risks that could adversely affect our business, 
operating results, and financial condition.”).
C.Organizational Structure
 We are a holding company domiciled in the Netherlands, and our only material assets are the capital stock 
of our wholly owned subsidiaries, mainly Coincheck. Our operating subsidiaries are listed under Exhibit 8.1 filed 
herewith.
We lease office space for our headquarters in Amsterdam, the Netherlands, and we also lease office space 
in Tokyo, Japan, for our operating subsidiaries. We believe that our facilities are adequate and suitable to meet our 
needs for our business as currently conducted.
Item 4.AUnresolved Staff Comments
None.