Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 80

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 80
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check NFT Marketplace, you must first have a customer account with us. The seller of the NFT sets the

accepted payment methods, and the buyer pays the purchase price for the NFT from his or her customer account.

Our sales commission for the NFT transaction, which is generally 10% of the purchase price, is deducted and

retained by us, and the purchase price paid by the buyer, less our sales commission, is deposited into the seller’s

customer account.

The box on the screen for each listed NFT, when clicked by the user, also displays the past sales history,

the average price recorded on the Ethereum blockchain, and other information about the NFT. If we observe trades

at price levels substantially different from the recent trading history within Coincheck NFT Marketplace, we may

suspend execution pending a review by our Legal & Compliance Department. NFTs acquired by customers on the

platform are not subject to the custody rules applicable to crypto assets under Japan’s Payment Services Act and are

held in hot wallets by us on behalf of the customers. See “ - Regulatory Environment - Non-Fungible Tokens” for

information regarding the regulation in Japan for non-fungible tokens.

Our process for approving NFTs for listing and display on the Coincheck NFT Marketplace is conducted in

three stages, with our Business Development Office performing the initial review, our Legal & Compliance

Department performing the secondary review, and then the final review being performed by an internal review

committee (which evaluates the NFT from development and business perspectives). The review process takes into

account the following criteria:

• whether the NFT is a non-substitutable token recorded on the blockchain, or whether the token

standard is ERC-721 or not, as we currently only support ERC-721;

• whether the listing of the NFT on the Coincheck NFT Marketplace is regulated by any applicable laws

or regulations, including a determination that the NFT is neither a crypto asset under the PSA or a form

of security, or ERTRIS, under the FIEA;

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• whether the NFT itself breaches any applicable laws and rights (including whether any work is being

used without the permission of the copyright holder);

• whether the operating company of the NFT has any particular issues (including whether it engages

with or is considered to be an anti-social force); and

• whether the operating company of the NFT is in compliance with applicable laws and regulations in

connection with the NFT