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Rabobank Fined $369M for Money Laundering After Calling Bitcoin Risky

Rabobank, a major Dutch bank that refused to serve Bitcoin businesses due to “compliance risks” last week, was fined $369 million for money laundering.

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Rabobank’s $369M: “Hurry Bitcoin!”

According to various reports, Rabobank was one of the major Dutch institutions that rejected crypto entrepreneurs.

According to crypto industry commentators, Mexican The bank’s California affiliate was charged with conspiracy and fined billions of dollars in a case linked to drug paraphernalia.. But the officers are suspiciously avoiding punishment.

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Last week Rabobank refused to open bank accounts for #cryptocurrency businesses due to money laundering risk. Today they’re fined, they’re still making a profit, and nobody’s going to jail. what kind of circus is this. Hurry #Bitcoin

Associated Press on Thursday, “The National Association of affiliate Rabobank has been denounced for its drug trafficking and other illegal activities from 2009 to 2012. He said he did not appeal when he was fined at least $369 million.” banks are doing their best to make this difficult.

Rabobank’s website has a special page on the “opportunities and dangers” of Bitcoin and alternative cryptocurrencies.

Steenberg puts his thoughts this way:

“The old and new worlds must and will find each other, this is what both sides seek. For now, paper money and coins continue to exist as normal. I don’t think this will change.”. Barclays and the global giant HSBC announced that they will accept crypto currency transactions.

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