Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 194

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 194
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) a token issuer delegates CAESPs to sell the newly issued tokens (IEOs). Under the ICO Rules, the following requirements have to be met for both types of ICO: •a system for the review of a targeted business that raises funds via ICO/IEO must be established; •information in respect of the token, the proposed use of proceeds raised from the ICO/IEO, and the like, must be disclosed; •management of funds (both fiat and crypto assets) raised from the ICO/IEO must be segregated; •there must be proper account processing and financial disclosure of funds raised from the ICO/IEO; •there must be assurance of the safety of the newly issued tokens, and the relevant blockchain, smart contract, wallet tool, and the like; and •there must be proper valuation of the newly issued tokens. Furthermore, any tokens supported for trading on CAESPs through an IEO are subject to substantially the same screening process by such CAESPs and the JVCEA as applied to other crypto assets handled by the CAESPs to confirm that they do not fall within the category of ERTRs or ERTRISs. 129 Regulations governing Crypto Asset Derivatives Transactions The FIEA regulates derivative transactions that use crypto assets as underlying assets (“Crypto Asset Derivatives Transactions”) for the purpose of protecting users and ensuring that such transactions are conducted appropriately. As Crypto Assets are included in the definition of “Financial Instruments” under the FIEA, the conduct of Over -the -CounterDerivatives Transactions relating to Crypto Assets (“OTC Crypto Asset Derivatives Transactions”) or related intermediary ( baikai) or brokerage ( toritsugi) activities constitute Type I financial instruments business. Accordingly, business operators engaging in OTC Crypto Asset Derivatives Transactions are required to undergo registration as Type I FIBOs. Any entity that intends to be a Type I FIBO is required to meet certain asset requirements, including having: (i)a stated capital of at least ¥50 million; (ii)net assets of at least ¥50 million; and (iii)a capital -to -riskratio of at least 120%. Coincheck does not currently offer OTC Crypto Asset Derivatives Transactions. Prohibitions Against Unfair Acts in Respect of Spot Trading of Crypto Assets or Crypto Asset Derivative Transactions The FIEA contains the following prohibitions against unfair acts (the conduct of which is punishable by penalties) in respect of spot trading of crypto assets and Crypto Asset Derivative Transactions,