In this episode of Beyond Policy, Victoria Avramovic, Executive Director of the North Carolina Innovation Council, discusses the dynamic landscape of innovation in North Carolina, particularly in the fintech sector and with the state’s new regulatory sandbox program.

She highlights the importance of collaboration between public and private sectors, the role of regulatory flexibility in fostering innovation, and the establishment of a sandbox environment for testing new technologies while ensuring consumer protection.

The conversation delves into the establishment of the North Carolina Innovation Council, focusing on its legislative support, the role of regulatory sandboxes in fostering innovation, and the importance of understanding blockchain and digital currency. Avramovic discusses the collaborative efforts to ensure consumer protection while promoting economic growth through technology, and she emphasizes the need for continuous learning and adaptation in regulatory practices to keep pace with innovation.

South Carolina has much to learn from North Carolina’s approach to innovation, and Palmetto Promise hopes that the Palmetto State will join the Tarheels in establishing a reciprocal regulatory sandbox, designed to improve the economy and embrace regulatory freedom in both states. To learn more about regulatory sandboxes, visit https://palmettopromise.org/economy25/embrace-fintech-innovation/