If there is a God, he has a great sense of humor.

Rabobank. one of the largest banks in Holland, was on record as late as last week turning down potential cryptocurrency entrepreneurs for bank accounts.

In a case with ties to Mexican drug cartels, Rabobank's California division pleaded guilty to conspiracy and was served with a multimillion dollar fine.

Despite these reprimands, no bank officials have been served with custodial sentences involving jail time. God bless America.

You would think that the Netherlands would have a more open policy towards cryptocurrency. Amsterdam was, for many years, one of the only places in the modern West where you could buy as many marijuana, mushrooms and hookers as you could afford.

But it seems that the country's liberal views on substance abuse do not carry over to their banking system. And similar to the rest of the world, it seems that the technology and banking worlds are butting heads here as well.

As with nearly everything in our world, it's all about the money. When Rabobank accepts illegal money from Mexican drug cartels, they are able to extract a sizable bribe. But the same cannot be done for legit cryptocurrency entrepreneurs, as they are operating ostensibly legal businesses.

While the rest of the world struggles to define their own relationship with cryptocurrency, one thing is for sure: countries that fail to adapt to this new paradigm will be left in the dust.

What do you think about #cryptocurrency regulation in the #Netherlands and abroad?

Tell me in a comment below!

Can't get enough of me? Follow me on Instagram!

Check out some of my other posts here:

• Watching This Video Will Make You Want To Move To Thailand (And Not For The Hot Estonian Chick, Either)
• The Blockchainification Of Business Is Happening
• In Only 3 Days After Pre-ICO Launch, Crypto Investment Fund Pecunio Has Already Raised Almost $2m
• Shill Of The Day: Why You Should Put Your Daughter's College Fund Into Lucyd's New ICO
• All I Want Is A Billion Dollars, A Rock-Solid Six Pack, And To Smash A Different Hard-Bodied Fitness Model Every Night - Is That Too Much To Ask?
• How To Be Successful In Just 100 Hours A Week
• Discipline, Fearlessness, And Other Lies Sold To You By Clever Marketers
• The Problem With PentaCore And Cryptocurrency Mutual Funds In General (And What To Do About It)
• Stock Trading Platform Robinhood Latest Company To Cash In On Crypto Craze With New Cryptocurrency Exchange
• How To Actually Get More Likes And Followers On Instagram
• Japan's Largest Bank Set To Open Cryptocurrency Exchange In April 2018
• There Is Now A Japanese Cryptocurrency-Themed Pop Group
• WaltonChain (WTC) Voted #1 At SE Asia Blockchain Summit... but who cares?
• Basic Attention Token (BAT) - another token that unsuccessfully answers the question, "Why not just use an ad blocker?"
• Request Network (REQ) setting up a $30 million dollar fund for startups
• If Warren Buffett Invested In Crypto, He Would Stock Up Now While The Market Is Collapsing
• Dispelling The Myths Behind Tron (TRX), The Most Misunderstood Coin In Crypto
• VeChain (VEN) Being Shilled HARD In r/Cryptocurrency - 50 Posts In The Last Week
• Switzerland Sees Crypto As Their Chance To Woo Drug Dealers, Saudi Princes And Shady Billionaires
• NVIDIA Blasts Retailers For Selling GPUs To Cryptominers Instead Of Gamers
• The No BullShit Guide To Being Successful (Read This To Die Instantly)
• Schizophrenic South Korea Can't Decide If They Want To Ban Crypto Or Not
• I'm Not A Religious Man, But I Thank God For Every Failure I've Ever Had
• Why Creative Work Is Its Own Reward And How To Get Better At The Things You Hate

Follow, resteem and smash dat mf like button...