Key Takeaways:
Shakepay launched bitcoin-backed loans on April 21, 2026, becoming the first crypto platform in Canada to offer the product. Loans carry a 9.5% APR, cap at $50,000 CAD, and are backed by a 3-year exemptive relief decision from Quebec’s AMF. CEO Jean Amiouny says the feature is rolling out gradually, with higher loan limits expected over time. Canada’s Shakepay Offers Bitcoin-Collateralized Loans Following AMF Exemptive ReliefThe launch follows an exemptive relief decision issued April 9, 2026, by the Autorité des marches financiers, Quebec’s securities regulator, with passport coverage to other Canadian provinces and territories. The decision applies to Shakepay Credit Inc., a wholly owned subsidiary, and grants a three-year exemption from dealer registration and prospectus requirements for crypto-backed lending arrangements.
The feature is being enabled gradually. Not all users will see it on the app’s home screen immediately. Eligible customers can access the product directly through the Shakepay app once it appears in their account.
Bitcoin-backed loans have been available through platforms such as Ledn and various decentralized protocols, but Shakepay’s entry brings a regulated, domestic option to Canadian borrowers operating under provincial securities oversight.
Shakepay has confirmed that no client deposits are used to fund loans and that the company files audited financials with regulators as required under the AMF decision.
