Section 208-690-015 - What activities are excluded from the act?(1) See also RCW 19.230.020.(2) The issuance, sale, use, redemption, or exchange of closed-loop prepaid access.(3) The issuance or sale of open-loop prepaid access when the value is covered by federal deposit insurance immediately upon sale or issue. See the Federal Deposit Insurance Corporation (FDIC) Financial Institution Letter 129-2008 dated November 13, 2008, to determine if the underlying funds are covered by FDIC insurance immediately upon sale or issue. (4) Storage of virtual currency by a person when the virtual currency is owned by others and the person storing the virtual currency does not have the unilateral ability to transmit the value being stored.Wash. Admin. Code § 208-690-015
Amended by WSR 13-24-021, filed 11/22/13, effective 1/1/2014Amended by WSR 16-14-022, Filed 6/27/2016, effective 8/1/2016Amended by WSR 18-13-108, Filed 6/19/2018, effective 8/1/2018Statutory Authority: RCW 43.320.040, 19.230.310, 2010 c 37. 10-20-123, § 208-690-015, filed 10/5/10, effective 11/5/10.