Nigeria Crypto Sandbox Hits First Wall: Quidax Shuts Down Peer-to-Peer Service

TLDR: Quidax ends P2P trading, citing user preferences and regulatory caution within sandbox. SEC flags opaque P2P flows, off-platform settlements, and foreign platform dominance. Licensing delays and higher capital requirements raise compliance challenges for exchanges. Quidax delists 35 tokens to align platform with Nigerian regulatory expectations.   Nigeria crypto sandbox has faced its first notable [...]

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