Latest news with #Comoros
CNA
5 days ago
- Business
- CNA
Singapore to block access to trading platforms Octa and XM over unlicensed activity
SINGAPORE: Two overseas online trading platforms will be blocked in Singapore after they were found to have breached financial regulations, according to a joint news release from the police and the Monetary Authority of Singapore (MAS) on Friday (Jun 6). The websites of the platforms, Octa and XM, will be inaccessible to users in Singapore from Jun 20. Their services - including leveraged foreign exchange, commodities, indices and equities trading - were offered to Singapore customers without licences under the Securities and Futures Act (SFA). This is a breach of the Act, the police and MAS said. The capital markets services licence is required for an entity to carry out business dealing in capital markets products, which include securities and leveraged foreign exchange trading, the authorities said. Investigations revealed that Octa and XM had also actively offered and marketed their services to customers in Singapore. The platforms are operated by entities incorporated overseas – Octa by Octa Markets and Uni Fin Invest, purportedly based in the Union of Comoros and Mauritius respectively; and XM by XM Global, purportedly incorporated in Belize. The authorities stated that these entities do not hold licences to deal in capital markets products and are therefore prohibited from offering such services. "This prohibition extends to entities operating outside Singapore, when the entities solicit or advertise products or services that are targeted at Singapore persons, or if there is a substantial number of Singaporeans using a foreign entity's products or services," the release said. The information on their websites constitutes prohibited content under the Internet Code of Practice, the authorities added. "As such, access to both trading platforms' websites will be blocked for Singapore residents with effect from Jun 20 and consumers with active accounts with Octa and XM will not be able to access their websites through Internet Access Service Providers based in Singapore." The police and MAS advised the public to deal only with licensed platforms listed in MAS' Financial Institutions Directory. They added that unregulated online trading platforms, particularly those based outside Singapore, pose a greater risk of fraud since the credibility of their operations cannot be easily verified. Such platforms also offer limited recourse for consumers in the event of disputes. They may also require payment for trades to be made using credit or debit cards, posing the added risk of unauthorised card transactions, said the authorities.
Times of Oman
21-05-2025
- Business
- Times of Oman
HM the Sultan receives written message from President of the Union of the Comoros
Muscat: His Majesty Sultan Haitham bin Tarik received a written message from His Excellency President Azali Assoumani, President of the Union of the Comoros, regarding bilateral relations between the two brotherly countries. The message was received by His Excellency Sayyid Badr bin Hamad Al Busaidi, Foreign Minister , during a meeting today at the Ministry of Foreign with His Excellency Mbae Mohamed, Minister of Foreign Affairs and International Cooperation and the President's Special Envoy to the Union of the Comoros. During the meeting, the Comorian Envoy conveyed the greetings of His Excellency the President of the Union of the Comoros and his best wishes for continued health, well-being, and a long life to His Majesty the Sultan, and for continued progress and prosperity to the Omani people. For his part, His Excellency the Minister of Foreign entrusted the guest to convey the greetings of His Majesty the Sultan to His Excellency the President of the Union of the Comoros, and His Majesty's best wishes for happiness and continued success, and for further progress and prosperity to the brotherly Comorian people. During the meeting, the two sides discussed the historical relations and fraternal cooperation between the Sultanate of Oman and the Union of the Comoros. They exchanged views on ways to develop the partnership in the economic fields, particularly food security, transportation, and tourism, for the mutual benefit of the two brotherly countries. The two sides also discussed a number of issues and developments of common interest, as well as the efforts made to achieve peace, harmony, and the establishment of security and stability throughout the world. The meeting was attended by His Excellency Sheikh Khalifa bin Ali Al Harthy, Undersecretary of the Ministry of Foreign Affairs for Political Affairs, and a number of officials from both sides.
Zawya
09-05-2025
- Politics
- Zawya
African Union Commission (AUC) Chairperson received H.E. Mr. Youssouf Mondoha Assoumani, Ambassador of the Union of the Comoros
H.E. @ymahmoudali, Chairperson of the AU Commission, received H.E. Mr. Youssouf Mondoha Assoumani, Ambassador of the Union of the Comoros to Ethiopia&Permanent Representative to the AU. Ambassador Assoumani conveyed a message of congratulations to the Chairperson on his leadership&reiterated the Comorian Government's support for the Commission's mandate. He also shared perspectives on the AU's institutional reform agenda&the SACA process. The Chairperson expressed appreciation for the Amb. Assoumani engagement at the AU&reaffirmed the Commission's commitment to working closely with all Member States in pursuit of the Union's shared goals. Distributed by APO Group on behalf of African Union (AU).
Associated Press
06-05-2025
- Business
- Associated Press
Analytics Predict $74M Annual Treasury Inflow from Nomy Crypto Card Services, Driving NOMY Token Value Growth and Strengthening Ecosystem Stability
HAMCHAKO MUTSAMUDU, Anjouan, May 06, 2025 (GLOBE NEWSWIRE) -- For the past three months, a select group of VIP users within the Nomy Finance ecosystem has been testing the Nomy Crypto Card — a groundbreaking product that merges both debit and credit services, offering users the flexibility to access instant credit and liquidity secured by the crypto assets held in their Nomy accounts. This unique combination of features has garnered strong user engagement and satisfaction. The early results from this test group, composed of high-net-worth individuals (HNWIs), have been promising, revealing a clear demand for this dual-functionality crypto card. The Nomy Crypto Card allows users to seamlessly spend their digital assets, while also providing them with the ability to access instant credit and liquidity based on the crypto holdings stored in their Nomy Finance account. Key Findings from the Test Phase The test phase has shown robust engagement, with over 100 crypto cards distributed among the VIP users. These early users have appreciated the flexibility and convenience offered by the card, which combines traditional payment methods with the ability to tap into crypto-backed liquidity instantly. Users can now access immediate credit and spend their digital assets without needing to liquidate them, which represents a major innovation in the intersection of crypto and traditional finance. Projected Treasury Inflow: $74M to $122M Annually Based on the data collected during the test phase and analysis of user behavior, Nomy Finance expects an annual inflow to the NOMY Treasury Pool ranging from $74 million to $122 million. This projection is based on the following factors: Strong Demand for the Nomy Crypto Card: There is significant interest in the Nomy Crypto Card, and it is anticipated that this demand will continue to grow as more users gain access to the product. 33% Buyback & Burn Program: Under the Buyback & Burn Program, 33% of profits generated from the card services will be directed towards bolstering the NOMY Treasury Pool and reducing circulating token supply through token burns. Increased User Adoption: As the crypto card is made available to a wider audience, user adoption is expected to grow rapidly, further driving the inflow into the treasury. Implications for NOMY Token's Value and Ecosystem Growth The projected annual inflow of $74M to $122M will significantly strengthen the NOMY Treasury Pool, creating greater backing for each token and ensuring its scarcity through reduced circulating supply. As more profits from the Buyback & Burn Program flow into the treasury, the NOMY token will benefit from both increased demand and enhanced scarcity, driving long-term value appreciation for token holders. The integration of instant credit and crypto-backed liquidity with the Nomy Crypto Card ensures that users can tap into the full potential of their crypto holdings while maintaining liquidity, creating a seamless experience between the crypto world and traditional financial systems. Public Launch and Future Projections As the test phase concludes, Nomy Finance is preparing for the public launch of the Nomy Crypto Card, which will be available to a broader audience. The team anticipates a surge in adoption, which will lead to even higher inflows into the NOMY Treasury Pool. The dual-functionality of the card — combining both credit and debit services — positions it as a game-changer in the crypto-finance space. Executive Summary The success of the Nomy Crypto Card test phase, along with the Buyback & Burn Program, highlights a promising future for the NOMY token and the Nomy Finance ecosystem. With projections of $74M to $122M annual inflow to the treasury, the NOMY Treasury Pool will continue to grow, ensuring long-term value for token holders and furthering Nomy Finance's mission to create a sustainable, user-driven ecosystem. As the crypto card program continues to scale, Nomy Finance is poised to strengthen its position at the forefront of crypto innovation — providing users with a seamless and rewarding way to interact with their digital assets. Contact Details: Alejandro Mendez Growth & Community Relations Lead [email protected] Disclaimer: This press release is provided by 'Nomyfi'. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector--including cryptocurrency, NFTs, and mining--complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Morocco World
24-03-2025
- Sport
- Morocco World
Central African Republic vs Mali: When, How to Watch & Score Prediction
Mali seek to close the gap on Group I leaders with a second straight win against Central African Republic at Stade El Arbi Zaouli in Casablanca, Morocco today. Kick-off is at 4 p.m. Moroccan time (GMT) and fans can catch the action live on ORTM and ESPN. Mali will look to build on their 3-0 win away over Comoros when they face a Central African side four points below with the second worst defense (13) in the table. The Eagles earned eight points from five matches and sit just two points off second-placed Madagascar and four points adrift from table leaders Ghana. A win could help them close in on both teams and heat up competition for a straight qualification to the 2026 World Cup. The Central African Republic touched down in Morocco nursing the wounds of a brutal 4-1 loss to Madagascar last Wednesday, and are winless in their last five games. The Wild Cats have earned just four points from five games and languish in the wrong side of the table – just one place on top of rock-bottom Chad. Mali's squad is laden with world class talents like Yves Bissouma, El Bilal Toure, and Nene Dorgeles. Yet, they still have not fully realised their potential in these qualifiers, and need to show more consistency. Their win over Comoros was a good sign, and they are expected to defeat a disjointed CAR side. Predicted Line-ups: CAR: Youfeigane; Oualengbe, Yambéré, Gambor, Benamna; Koyalipou, Guinari, Kondogbia, Urie; Epandi, Mafouta Mali: Diarra; Diakite, Diaby, Niakaté, Diarra; Camara, Dieng; Bissouma, Doumbia, Dorgeles; Touré Predicted Score: For the Central African Republic, this match is a make-or-break moment in their campaign. But given the contrast in form, Mali will be firm favorites to extend their winning streak and close the gap on the group's front-runners. Central African Republic 0-2 Mali Tags: Central African RepublicmaliMoroccoWorld Cup Qualifiers
