APX Lending, a crypto-backed loan company, has received exemptive relief from the Canadian Securities Administration (CSA) to provide crypto-backed loans without the need for traditional dealer registration or prospectus filings. This follows a cooperation effort with the Ontario Securities Commission over the past two years. The company is expanding its services to include more digital assets and fiat currencies, and is targeting growth in both the United States and, pending regulatory approval, in Australia and New Zealand. CEO Andrei Poliakov emphasized that engagement with regulators in Canada is an effort to establish a new standard for compliance in crypto-backed lending. The loan structure offers a flexible range of terms from 20% to 60% loan-to-value (LTV), with an automated liquidation mechanism applied at 90% LTV. APX Lending operates under regulations set by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and competes with local firms like Ledn and Nexo. This significant regulatory milestone may influence the future landscape of crypto lending in Canada, especially amid shifting political dynamics.

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