Canadian financial regulator waves red flag about cryptocurrency website

A Canadian financial regulator has warned cryptocurrency investors in New Brunswick of a potential scam website that claims to be a "cryptobank".

In an investor alert, the Financial and Consumer Services Commission (FCNB) of New Brunswick said it had started investigating after it began advertising its investment opportunities on a Canadian online classified site.

The FCNB found that is not registered to trade in, or advise on, securities or derivatives in New Brunswick and it is therefore barred from carrying on these activities in the province.

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