Not publishable as-is. 1 of 6 publication_gate checks fail. The renderer displays the gate rather than suppressing it. Legal review and sub-brief approval are informational and are not part of this test.
KM-M Crypto & Digital Asset Regulation
KM-Mschema crypto-v2.0.0trajectory: not yet assessedunregulated gapoverlaps: Sentinel (AML/CFT)
Last updated · 8 categories · 16 sourced
findings · 5 sources in the cumulative register
Evidence re-verified:·Position last changed:·Record history & provenance ▾
Methodology & record provenance: Module confidence is derived from the underlying claims (source tier and primary excerpt retention), while statutory legal force is tracked independently.
Confidence mix(sums to 8 rendered categories; click to filter)
No categories moved this cycle.
Jurisdiction brief
KM-M operates under a unregulated gap supervised by GIABA / FATF, with 8 regulatory modules assessed in the current cycle.
C1 · Crypto Licensing: No crypto-specific licensing, registration, or notification regime for crypto-asset service providers (exchanges, custodians, issuers) was located for the Union of the Comoros at the federal level or for the semi-autonomous island of Mohéli (Mwali) specifically, including any issuance by the island's Mwali International Services Authority (MISA) offshore-company registry. The Banque Centrale des Comores (BCC) is the apex financial supervisor and licenses banks and financial intermediaries, but the 2024 GIABA/FATF mutual evaluation found no designated competent authority for broader non-bank financial-sector AML/CFT supervision, and no crypto-asset perimeter was identified in that assessment or in subsequent FATF materials.
C2 · Token Classification: No statutory or regulatory taxonomy distinguishing security tokens, e-money tokens, asset-referenced tokens, utility tokens, stablecoins, or NFTs has been identified for the Union of the Comoros or Mohéli.
C3 · On-Chain Activity: No regulation of on-chain activities (staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization) has been identified for the Union of the Comoros or Mohéli.
C4 · Stablecoins & EMTs: No stablecoin-specific issuance authorisation, reserve requirement, redemption right, disclosure, systemic designation, or prudential capital regime has been identified for the Union of the Comoros or Mohéli.
All 8 module posture summaries
C1 · Crypto Licensing: No crypto-specific licensing, registration, or notification regime for crypto-asset service providers (exchanges, custodians, issuers) was located for the Union of the Comoros at the federal level or for the semi-autonomous island of Mohéli (Mwali) specifically, including any issuance by the island's Mwali International Services Authority (MISA) offshore-company registry. The Banque Centrale des Comores (BCC) is the apex financial supervisor and licenses banks and financial intermediaries, but the 2024 GIABA/FATF mutual evaluation found no designated competent authority for broader non-bank financial-sector AML/CFT supervision, and no crypto-asset perimeter was identified in that assessment or in subsequent FATF materials.
C2 · Token Classification: No statutory or regulatory taxonomy distinguishing security tokens, e-money tokens, asset-referenced tokens, utility tokens, stablecoins, or NFTs has been identified for the Union of the Comoros or Mohéli.
C3 · On-Chain Activity: No regulation of on-chain activities (staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization) has been identified for the Union of the Comoros or Mohéli.
C4 · Stablecoins & EMTs: No stablecoin-specific issuance authorisation, reserve requirement, redemption right, disclosure, systemic designation, or prudential capital regime has been identified for the Union of the Comoros or Mohéli.
C5 · Consumer Protection: No crypto-specific consumer-protection regime has been identified for the Union of the Comoros or Mohéli covering custody and safeguarding of client crypto-assets, marketing/promotion of crypto products, market abuse, order handling and conflicts, complaint handling, or suitability/appropriateness. General consumer-protection law applicable to financial services could not be confirmed as extending to crypto-assets from available sources.
C6 · Tax Treatment: No crypto-specific tax treatment (capital gains, income tax, VAT/GST, withholding, or reporting obligation) has been identified for the Union of the Comoros or Mohéli.
C7 · Cross-Border & Travel Rule: No crypto-specific cross-border transfer rule (outbound restriction, sanctions nexus, reporting threshold, or travel-rule cross-border requirement) has been identified for the Union of the Comoros or Mohéli. General foreign-exchange administration by the Banque Centrale des Comores governs the Comorian franc but does not reference crypto-assets in available sources.
C8 · AML/CFT Regime: Per fleet module-subscription policy, crypto AML/CFT obligations are produced by the financial-integrity (FIM) aml_ctf producer and are not originated in this crypto baseline. As disambiguation context only (not a crypto-sector finding): the 2024 GIABA/FATF mutual evaluation found that the Union of the Comoros had not designated a competent authority responsible for AML/CFT supervision across the DNFBP sector, and flagged discussions at the Banque Centrale des Comores regarding misuse of the KM IBAN by offshore companies as an emerging risk.
Key regulatory facts for KM-M
Regulatory Dimension
KM-M Standing Position
Jurisdiction
KM-M (KM-M)
Regulatory Scope
Crypto & Digital Asset Regulation (8 modules, 16 sourced findings)
Crypto Licensing
No crypto-specific licensing, registration, or notification regime for crypto-asset service providers (exchanges, custodians, issuers) was located for the Union of the Comoros at the federal level or for the...
Token Classification
No statutory or regulatory taxonomy distinguishing security tokens, e-money tokens, asset-referenced tokens, utility tokens, stablecoins, or NFTs has been identified for the Union of the Comoros or Mohéli.
On-Chain Activity Regime
No regulation of on-chain activities (staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization) has been identified for the Union of the Comoros or Mohéli.
Stablecoin Regime
No stablecoin-specific issuance authorisation, reserve requirement, redemption right, disclosure, systemic designation, or prudential capital regime has been identified for the Union of the Comoros or Mohéli.
Primary Instruments Cited
GIABA / FATF, Banque Centrale des Comores (BCC)
Last Confirmed / Updated
2026-10-25 (5 sources in cumulative register)
8 of 8 categories
Signal
Density
Selections OR within a group, AND across groups. Press / to search.
No crypto-specific licensing, registration, or notification regime for crypto-asset service providers (exchanges, custodians, issuers) was located for the Union of the Comoros at the federal level or for the semi-autonomous island of Mohéli (Mwali) specifically, including any issuance by the island's Mwali International Services Authority (MISA) offshore-company registry. The Banque Centrale des Comores (BCC) is the apex financial supervisor and licenses banks and financial intermediaries, but the 2024 GIABA/FATF mutual evaluation found no designated competent authority for broader non-bank financial-sector AML/CFT supervision, and no crypto-asset perimeter was identified in that assessment or in subsequent FATF materials.
Open gap — crypto-int-1Whether MISA's crypto-casino product has ever been the subject of a specific BCC or prosecutorial action, as opposed to the general banking-licence disavowal, has not been confirmed this cycle.no under-indexing note recorded
No sub-brief written this cycleThe module carries open gaps but no narrative analysis was authored this cycle. Flagged for the next research pass.
No periodic updates recorded in this cycle
Sources and findings (5)
T3Banque Centrale des Comores (BCC) — No cryptoasset licensing, registration or notification regime exists at Union level; the BCC has issued no crypto-specific rule as of 2026.M4non-binding
No statutory or regulatory taxonomy distinguishing security tokens, e-money tokens, asset-referenced tokens, utility tokens, stablecoins, or NFTs has been identified for the Union of the Comoros or Mohéli.
C2 · Token Classification — Full Module Record0 sub-modules · 180 words · 1 traced claims · Re-verified 2026-10-25
The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
No regulation of on-chain activities (staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization) has been identified for the Union of the Comoros or Mohéli.
C3 · On-Chain Activity — Full Module Record0 sub-modules · 180 words · 1 traced claims · Re-verified 2026-10-25
The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
No stablecoin-specific issuance authorisation, reserve requirement, redemption right, disclosure, systemic designation, or prudential capital regime has been identified for the Union of the Comoros or Mohéli.
C4 · Stablecoins & EMTs — Full Module Record0 sub-modules · 180 words · 1 traced claims · Re-verified 2026-10-25
The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
No crypto-specific consumer-protection regime has been identified for the Union of the Comoros or Mohéli covering custody and safeguarding of client crypto-assets, marketing/promotion of crypto products, market abuse, order handling and conflicts, complaint handling, or suitability/appropriateness. General consumer-protection law applicable to financial services could not be confirmed as extending to crypto-assets from available sources.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No crypto-specific tax treatment (capital gains, income tax, VAT/GST, withholding, or reporting obligation) has been identified for the Union of the Comoros or Mohéli.
C6 · Tax Treatment — Full Module Record0 sub-modules · 180 words · 1 traced claims · Re-verified 2026-10-25
The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
No crypto-specific cross-border transfer rule (outbound restriction, sanctions nexus, reporting threshold, or travel-rule cross-border requirement) has been identified for the Union of the Comoros or Mohéli. General foreign-exchange administration by the Banque Centrale des Comores governs the Comorian franc but does not reference crypto-assets in available sources.
The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
Per fleet module-subscription policy, crypto AML/CFT obligations are produced by the financial-integrity (FIM) aml_ctf producer and are not originated in this crypto baseline. As disambiguation context only (not a crypto-sector finding): the 2024 GIABA/FATF mutual evaluation found that the Union of the Comoros had not designated a competent authority responsible for AML/CFT supervision across the DNFBP sector, and flagged discussions at the Banque Centrale des Comores regarding misuse of the KM IBAN by offshore companies as an emerging risk.
C8 · AML/CFT Regime — Full Module Record0 sub-modules · 180 words · 1 traced claims · Re-verified 2026-10-25
The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month, or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products).
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Provenance and declared absence
Disclosure model: module cards load OPEN; standing positions render in full; sub-briefs and jurisdiction briefs load as a clamped teaser with an explicit “read full” control carrying the true word count; earlier updates stay collapsed behind a counted summary. No text is hidden without disclosing how much of it there is.
Sentinel-fed modules receive no special rendering treatment. sentinel_feed is an attribution chip only: it does not suppress content, does not generate an absence reason code, and does not exclude the module from any count, filter, search index or export on this page.
Family taxonomy is renderer-level presentation config, not a JID field. Colour is always duplicated in text and is never the sole carrier of meaning.
Suppressed by doctrine: derived risk score; per-module RAG traffic light. Not shown on this page.
Band honesty: uncertainty bands are computed against a frozen build clock of 2026-11-04. A year-precision row is never promoted into a tighter band.
Orphan deltas: 0 cycle_delta row(s) target non-module objects and are listed in the rail rather than attached to a card.
Envelope: baseline resolved at jurisdiction_json.baseline; 8 module(s), 16 finding(s), 5 source(s) in the cumulative register.
Audit trail
Machine checkChallenged on 24 Oct 2026: nothing tested (no claim on this page was eligible for an automated test). An automated, adversarial test run by a second model; no person has assessed the result.
KM-M