{"id":126262,"date":"2025-04-01T20:17:37","date_gmt":"2025-04-01T20:17:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126262"},"modified":"2025-04-01T20:17:37","modified_gmt":"2025-04-01T20:17:37","slug":"apx-lending-gains-exemptive-relief-from-canadian-securities-administration","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126262","title":{"rendered":"APX Lending gains exemptive relief from Canadian Securities Administration"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAPX Lending, a crypto-backed loan company, has gained exemptive relief from the Canadian Securities Administration (CSA) to offer crypto-backed loans without requiring traditional dealer registration or prospectus filings.<br \/>\n\u201cOver the last 2 years, APX developed a  regulatory framework in collaboration with the Ontario Securities Commission (OSC) to facilitate this, as no such framework previously existed in Canada,\u201d a spokesperson for APX told Cointelegraph. \u201cThis exemption is specific to APX and does not establish a precedent for other companies.\u201d<br \/>\nThe platform currently supports Bitcoin (BTC) and Ether (ETH) as backing collateral for loans in Canadian or US dollars. APX plans to add more digital assets and fiat currencies options in the near future.<br \/>\nThe company claims to be expanding its reach to the United States, with future expansions planned for Australia and New Zealand pending regulatory approval. Andrei Poliakov, founder and CEO of APX Lending, said in a statement:<br \/>\n\u201cBy engaging with Canadian regulators and leading the way in Canada, we are setting a new benchmark for compliance and security in crypto-backed lending, helping retail and institutional borrowers unlock liquidity while maintaining ownership of their digital assets.&#8221;<br \/>\nAPX loans range from 20%-60% loan-to-value (LTV), with an automated liquidation mechanism triggered at 90% if no corrective action is taken by the borrower to top up collateral or partially repay the loan when LTV reaches the 80% warning level and they are notified of the potential liquidation.<br \/>\nLoan terms range from three months to five years, reflecting the comparatively flexible structure of crypto-backed lending versus the more rigid and often less accessible options found in traditional financial systems.<br \/>\nAPX Lending is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Its key competitors in the local market include Ledn, Nexo, and YouHodler, among others.<br \/>\nAPX Lending founder and CEO Andrei Poliakov onstage at the Blockchain Futurist Conference in 2024. Source: Blockchain Futurist ConferenceRelated: What Canada\u2019s new Liberal PM Mark Carney means for crypto<br \/>\nCanada\u2019s shifting political landscape could spell trouble for crypto regulations<br \/>\nRecently elected Canadian Prime Minister Mark Carney is a former central banker who once criticized Bitcoin for being supply-capped, calling the 21 million maximum supply a \u201cserious deficiency.\u201d<br \/>\nIn a speech to the Scottish Economics Conference at Edinburgh University in March 2018, Carney said: \u201cRecreating a virtual global gold standard would be a criminal act of monetary amnesia.\u201d<br \/>\nCarney\u2019s critical view of Bitcoin and cryptocurrencies may influence the direction of regulation in Canada and raise uncertainty about the future of the country\u2019s crypto industry.<br \/>\nHowever, Carney\u2019s 2025 platform outlined goals to make Canada a global leader in emerging technologies such as artificial intelligence and \u201cdigital industries\u201d amid increasing geopolitical competition and trade tensions with the United States.<br \/>\nMagazine: Home loans using crypto as collateral: Do the risks outweigh the reward?<a href=\"https:\/\/cointelegraph.com\/news\/apx-lending-exemptive-relief-canadian-securities-admin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAPX Lending, a crypto-backed loan company, has gained exemptive relief from the Canadian Securities Administration (CSA) to offer crypto-backed loans without requiring traditional dealer registration or prospectus filings.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126262"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126262"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126262\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126262"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}