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At APX Lending, we are committed to meeting the highest compliance standards across all the markets we serve, ensuring a secure, transparent, and compliant experience for our customers.
Your collateral is insured, safe and secure at all times
Compliant
We are registered with and report into FINTRAC and FinCEN
Audited
We conduct annual financial and security audits
Trusted
We only work with compliant & trusted counterparties
Our Commitment to being compliant
Since our inception, APX Lending has worked to become a leading compliant crypto-backed lender. In 2024 we applied for relief from registration and prospectus requirements with the Ontario Securities Commission and our application is currently pending review. As we expand globally, we continue to seek necessary regulatory approvals in new markets and are dedicated to meeting the highest standards of compliance across the globe.
Alongside our application to the OSC, APX Lending is registered with FinCEN (US) and FINTRAC (Canada). We are committed to building a regulated and compliant crypto-backed lending business and will continue engaging with regulatory bodies globally to uphold the highest standards for our customers.
In addition to mandatory annual financial audits, APX Lending voluntarily underwent a SOC 2 Type 1 audit and is planning for a SOC 2 Type 2 audit to further validate our commitment to security and transparency in the near future.
Regulatory requirements vary by country and by jurisdiction. As we expand, we will assess the regulatory requirements of each market to ensure our services remain secure and compliant.
Regulation and APX Lending FAQs
Why is Regulation Important?
Regulation ensures that financial firms operate ethically, remain solvent, and provide customers with a minimum standard of care. It also offers recourse if customers are mistreated.
Will APX Lending Be Available in My Country
APX Lending is currently focused on operations in Canada, the U.S., Australia, and New Zealand. We are actively working to meet regulatory requirements in other regions as we grow.
How Can I Access APX Lending from the EU?
APX Lending is not currently available for EU customers. Regulation in the EU is vastly different to the US and Canada, and we are currently working on our operational framework to potentially offer products to the European market in the future.
How Can I Access APX Lending from South America?
APX Lending is currently looking at providing our crypto-backed loans to South American customers and it is the next location on our current expansion roadmap.
How Can I Access APX Lending from Asia?
Regulation across Asia varies widely between jurisdictions and some Asian countries have extremely stringent laws that may prohibit us from providing any form of crypto-backed loan. We are always monitoring opportunities in the Asian market and will continue to assess the viability of offering crypto-backed loans in Asia.
How Can I Access APX Lending from the UK?
APX Lending is committed to offering crypto-backed loans in the UK and understands there is a very high regulatory threshold to meet. We will continue to assess our business operations and goals with the view to offer crypto-backed loans in the United Kingdom.
Will My Loan Be Affected by Changes to Regulation?
Regulation is a moving target as legislation and rules change as the crypto market matures. APX Lending continues to assess these changes and ensure our operations remain compliant. APX Lending will always notify you of any regulatory changes that affect your crypto-backed loan.
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