What is Cocos (Keeling) Islands's FATF status?

Cocos (Keeling) Islands is classified by FATF as: non_compliant.

What is the AML/KYC regime in Cocos (Keeling) Islands?

KYC is not universally mandated.

Cocos (Keeling) Islands

The regulator page does not provide explicit information on cryptocurrency regulation for Cocos (Keeling) Islands. The page mainly describes ASIC's role in Australia, with no direct mention of crypto-specific laws or frameworks for Cocos Islands.

Overview

Status	unknown
Risk Score	50/100 (Moderate Risk)
Region	asia pacific
Currency	AUD

Tax Information

Capital Gains (Personal)	No specific guidance
Capital Gains (Corporate)	No specific guidance
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax guidance available.

Licensing & Registration

Required	No
Regulator	ASIC (Australian Securities and Investments Commission)
Framework	No crypto framework

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC Required	No
Travel Rule	No
FATF Member	No
FATF Status	non_compliant
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

Legal	Yes
Electricity Cost	$0.12/kWh
Renewable Energy	15%
Infrastructure	fair

Mining is legal with moderate electricity costs and limited renewable energy share. Infrastructure is fair given remote island conditions.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	70/100
Banking Access	moderate

Risk Factors

geographic isolation
limited infrastructure

Cocos (Keeling) Islands benefit from stable governance under Australian administration but face challenges due to geographic isolation and limited infrastructure affecting crypto business operations.