Section 208-690-018 - How does the department interpret the activities that are excluded in RCW 19.230.020?The following are excluded:
(1) Pursuant to RCW 19.230.020(6) and (7): (a) Activities regulated by the Commodities Futures Trading Commission (CFTC) or exempt from registration with the CFTC;(b) Clearance or settlement services provided by a person to a board of trade as designated by the CFTC.(2) Pursuant to RCW 19.230.020(8), activities by persons providing clearance or settlement services under a registration as a clearing agency, or an exemption from that registration granted under the federal securities laws. The exclusion applies only to those activities.(3) Payment processing by a person meeting the requirements in RCW 19.230.020(9), but not persons engaged in payment processing activities: (a) Using virtual currencies;(b) For the marijuana industry; or(c) Holding consumer funds with no direction from the consumer to pay the funds to a payee.Wash. Admin. Code § 208-690-018
Adopted by WSR 18-13-108, Filed 6/19/2018, effective 8/1/2018