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The North Carolina Blockchain Initiative (NCBI) was launched in 2019 as a nonpartisan, all-volunteer task force under the supervision of the Office of the Lieutenant Governor of North Carolina to serve as a primary resource on the emerging digital asset and blockchain ecosystem.

Recognizing the increasing importance of financial technology and blockchain-based technologies, bitcoin, virtual assets, smart contracts, and stablecoins, the NCBI is announcing an expansion plan and new appointments for 2023- 24. The ongoing initiative will explore the broader implications for this evolving technology, gather information from private and public sources, pursue policy recommendations, and strengthen our states position as a leader in technological innovation and consumer protection.

North Carolina is already home to many notable blockchain and FinTech startups, and we need to do all we can to keep our state competitive, said Lieutenant Governor Robinson. We appreciate the incredible work this task force has done in researching this transformational technology, and we thank them for their continued service.

North Carolina is fortunate to have several national leaders on Capitol Hill focused on the crypto ecosystem, including Representative Patrick McHenry, Chairman of the U.S. House Financial Services Committee, and U.S. Senator Ted Budd, a leading voice on decentralized finance, said Dan Spuller, who serves as a Co-Chair to NCBI, and Senior Director of Industry Affairs for the Washington-based Blockchain Association. We are a state where hard work, innovation, and our ability to adapt has enabled North Carolina to compete globally on many levels.

North Carolina state policymakers have historically been favorable to blockchain technology, and were among the earliest pioneers of regulatory innovation for the blockchain industry with the passage of the North Carolina Money Transmitters Act of 2016, and bipartisan North Carolina Regulatory Sandbox Act of 2021, the latter of which passed both chambers unanimously and created a multi-agency innovation council.

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North Carolina Blockchain Initiative Announces New Appointments ... - NC.GOV (.gov)