RCW 19.230.080
Currency exchange license required.
(1) A person may not engage in the business of currency exchange or advertise, solicit, or hold itself out as able to engage in currency exchange for which the person receives revenue equal to or greater than five percent of total revenues, unless the person is:
(a) Licensed to provide currency exchange under this chapter;
(b) Licensed for money transmission under this chapter; or
(c) An authorized delegate of a person licensed under this chapter.
(2) A license under this chapter is not transferable or assignable.
[ 2003 c 287 § 10.]
Structure Revised Code of Washington
Title 19 - Business Regulations—Miscellaneous
Chapter 19.230 - Uniform Money Services Act.
19.230.020 - Application of chapter—Exclusions.
19.230.030 - Money transmitter license required.
19.230.033 - Multistate licensing system—Director's discretion.
19.230.040 - Application for a money transmitter license.
19.230.050 - Money transmitters—Surety bond.
19.230.055 - Online currency exchangers—Surety bond.
19.230.060 - Tangible net worth for money transmitter.
19.230.070 - Issuance of money transmitter license.
19.230.080 - Currency exchange license required.
19.230.090 - Application for a currency exchange license.
19.230.100 - Issuance of a currency exchange license—Surrender of license.
19.230.110 - Annual assessment and annual report.
19.230.120 - Relationship between licensee and authorized delegate.
19.230.130 - Authority to conduct examinations and investigations.
19.230.133 - Subpoena authority—Application—Contents—Notice—Fees.
19.230.140 - Examinations—Joint and concurrent examinations.
19.230.152 - Reports—Nationwide licensing system.
19.230.160 - Change of control.
19.230.180 - Money laundering reports.
19.230.200 - Maintenance of permissible investments.
19.230.210 - Types of permissible investments.
19.230.220 - Administrative proceedings.
19.230.230 - License suspension, revocation—Receivership.
19.230.233 - Informal settlement of complaints or enforcement actions.
19.230.240 - Suspension and revocation of authorized delegates.
19.230.250 - Unlicensed persons.
19.230.260 - Temporary orders to cease and desist.
19.230.280 - Violations—Liability.
19.230.300 - Criminal penalties.
19.230.303 - Statute of limitations.
19.230.310 - Administration and rule-making powers.
19.230.330 - Money transmitter delivery, receipts, and refunds.
19.230.340 - Prohibited practices.
19.230.350 - Third-party account administrators—Licensure required—Requirements.
19.230.360 - Third-party account administrators—Record maintenance.
19.230.370 - Virtual currency licensees—Disclosures.