New Brunswick, Canada's financial watchdog warned investors of cryptography currency of a fraudulent Bitcoin-bank.io website that claims to be a "cryptobank" According to a statement, the Financial Services and Consumer Services Commission (FCNB) began investigating the profile of the company. business after the publication of Bitcoin-bank.io in advertisements on a Canadian online classifieds website. . The FCNB has concluded that the company is not listed for trading in New Brunswick, nor to advise on securities or derivatives, despite the fact that it claims to offer these services in the province. .

On his website, Bitcoin-bank. io offers "Cryptobanking at its best" services such as payment card and cryptocurrency solutions. The website is also promoting its own initial coin offer (ICO), with a BTCB coin starting at 0.000975 Bitcoin (BTC).

In his white paper, the Bitcoin-bank.io team notes that the platform is geared towards newcomers in the cryptocurrency space, and does not require any previous negotiating skills to use:

"This is a perfect platform for those who want [sic] to have passive income on a daily basis without having to learn the encryption skills or related negotiation or time to watch the markets all day. "

The FCNB also reported that the company is not registered at the address indicated on its website. In addition, according to the report, the list of employees in the company consists of fake names with attached photos from other websites and copied content.

Last month, Canadian authorities approved the launch of the first Blockchain Exchange Traded Funds (ETF), Harvest Blockchain Technologies Index (1945-19008)

In December 2017, researchers from the Bank of Canada Canada published a report on the feasibility of launching a digital currency based on the Blockchain, "Central Bank Digital Currency" (CBDC).