WAC 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.