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RE: Shapeshift Pulling out of Washington State Due to New Regulations

in #bitcoin7 years ago

As a Washingtonian i have to say that so typical of this state. It is a sad but honest evaluation to say that they tend to chase out many forms of business due to restrictions they put on them. This state has much natural splendor and beauty but it is over shadowed by massive regulations and a very biased system that is influenced by a handful of long time contributors / business and legislators that are in desperate need of removal. I am not surprised by this in any way. This state is a tax hungry regulatory nightmare.

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Thing is it would bring in more tax for them in the long term if they embraced these things.

Yes I totally agree but some of these legislators and many others in this states government are so intrenched and blinded by their routine of patting each other on the back and the lack of change has and is costing them as well as the residents of their state it is sad. instead of promoting new industry they just keep taxing the people.