Blockchain
The Regulatory Roundtable by the Indonesian Blockchain Association was successfully held in Bali
The Indonesian Blockchain Association (A-B-I) successfully held a Private Session: Regulatory Roundtable, which time and place coincided with the Coinfest Asia 2022 event in Bali.
The private session which was held privately and exclusively for members of the Indonesian Blockchain Association was sponsored by Bitocto, Reku, Twoba Box, Advance AI, LUNO, and Indodax and was attended by the Deputy Minister of Trade (Wamendag), Act. Head of CoFTRA, Director of Digital Economy at the Directorate General of Informatic Application Ministry of Communication and Informatics (Aptika Kominfo), Deputy for Digital Economy and Creative Product at the Ministry of Tourism and Creative Economy (Kemenparekraf), and Head of the Commodity Futures Trading Development and Expansion Bureau. According to Asih Karnengsih, Chairwoman of A-B-I, this Regulatory Roundtable activity “has the aim of discussing current and future regulations or policies”, in addition, “This activity is a discussion forum to facilitate business actors who have become members of A-B-I and government institutions and related agencies so that they can continue to synergize and collaborate in a sustainable manner in developing and advancing the blockchain industry in Indonesia,” said Asih.
Affan Giffari, Managing Partner of Trifida at Law also appreciated this activity, according to Affan, “The Regulatory Roundtable is a good event in providing a forum, both for the government and business actors, to convey their concerns or interests related to crypto assets and/or other blockchain technology use cases.” Affan also said, “The session needs to be held regularly so that the government can convey material issues or decisions to associations and/or business actors which will then become a forum for socialization for business actors and encourage synergy between the government and business actors in crypto asset issues and/or regulatory frameworks. Associations as a forum to convey interests require legitimacy in positive law, the implementation of a token sandbox program, as well as the delivery of inputs to existing regulations as well as regulations that are being and will be made by the government”. However, “it is hoped that in the future the Regulatory Roundtable can be made more ‘concentrated’ or more thematic on certain issues.”
Some of the main discussions in the Private Session: Regulatory Roundtable, one of which was discussed by Jerry Sambuaga as the Vice Minister of Trade who hoped that “There will be optimization of regulations/policies and conducive governance for business actors and consumers in the digital ecosystem.” Jerry also emphasized the discussion about the formation of the Crypto Asset Exchange, according to Jerry “The establishment of this Exchange is one of the government’s efforts to ensure consumer security in the business processes of business actors from the aspect of regulating transaction activities, governance, clearing, depository to custodian. The Crypto Asset Exchange will ensure that the crypto asset ecosystem develops well and is conducive.”
Didid Noordiatmoko, The Act. Head of CoFTRA also spoke about the formation of the Exchange, “Currently the process of establishing the Crypto Asset Exchange is still in the process of further review because CoFTRA expects more collaboration by Crypto Asset Physical Traders who have registered with CoFTRA in establishing the Crypto Asset Exchange”, and it is hoped that “the Crypto Asset Exchange, which is still in the process of being formed, can become an extension of CoFTRA in the process of monitoring crypto asset trading activities.” said Tirta Karma Senjaya, Head of the Commodity Futures Trading Development and Expansion Bureau.
In addition, the issues of pros and cons that are currently being discussed in the community regarding the Crypto Asset List which was recently published in CoFTRA Regulations No 11 of 2022 were also discussed by Didid who said, “CoFTRA will open transparency of the results of the Analytical Hierarchy Process (AHP) assessment for the Crypto Asset List worthy of being traded as reference material in evaluation efforts for both business actors and CoFTRA. The list set out in CoFTRA Regulations No 11 will continue to be re-evaluated with standards that will later be improved.”
Meanwhile, Director of Digital Economy, Directorate General of Aptika Kominfo – Dr. Ir. I Nyoman Adhiarna discussed data protection regulations and the closure of unregistered PSE websites that develop blockchain technology, he said, “Business actors requirement to register and report periodically aimed at all PSEs that provide services in Indonesia to ensure the same level-playing-field and good relations between business actors as well as future enforcement efforts in the event of negative effects from related activities. However, at this time, enforcement in the form of access closures is still being carried out periodically.”
In addition, the Deputy for the Digital Economy and Creative Economy of the Ministry of Tourism and Creative Economy, Muhammad Neil El Himam discussed the NFT arrangement plan, according to Neil “NFT can be viewed as the internet of values”. Neil also said, “In the future, digital assets will have more added value with the underlying blockchain technology. The Ministry of Tourism and Creative Economy believes that although there are various challenges in the digital era, especially for creators, blockchain technology can solve existing and future challenges.”
In this Regulatory Roundtable activity, government agencies also expressed hope that there would be input from business actors through the Indonesian Blockchain Association in a sustainable manner so that they could continue to synergize and collaborate in advancing the blockchain industry. One of the outputs of the Private Session organized by A-B-I also initiated the formation of collaborations contained in a forum in the form of a WhatsApp/Telegram group for A-B-I members with various local and international projects as a forum to form strategic cooperation.
SOURCE Asosiasi Blockchain Indonesia
Blockchain
Blocks & Headlines: Today in Blockchain – May 30, 2025 (Fraser Edwards, Kyiv NFT, Spirit Blockchain Capital, Indian eHealth, Hedera)
Blockchain technology and cryptocurrencies continue to redefine industries—from competitive gaming and cultural heritage preservation to corporate finance, healthcare, and alternative tokens. Today’s briefing highlights five pivotal developments shaping the ecosystem: Fraser Edwards’s vision for trust in eSports; Ukraine’s wartime cultural preservation via NFTs; Spirit Blockchain Capital’s Q1 2025 operational report; India’s push for blockchain-enabled electronic health records (EHRs); and the rise of viral altcoins such as UniLabs, Sui, and Hedera Hashgraph. Together, these stories illustrate the themes of trust and identity, preservation and provenance, institutional maturation, public-sector innovation, and token diversification. In this op-ed–style round-up, we distill the essence of each story, cite sources, and offer analysis on how they advance Web3, DeFi, and NFT frontiers.
1. Rebuilding Trust in eSports: Can Blockchain Fix Competitive Integrity?
Source: CCN
Summary:
In a recent CCN interview, veteran trader and eSports investor Fraser Edwards argues that blockchain’s immutable ledgers can restore credibility in the rapidly commercializing world of competitive gaming. According to Edwards, match-fixing scandals and opaque prize-pool distributions have eroded fan confidence. By tokenizing tournament entries and payouts on public blockchains—complete with smart-contract–enforced escrow—organizers can guarantee that prize monies are distributed exactly as advertised, and that no post-match manipulation occurs. Tournament operators in Asia and North America are already piloting Ethereum-based payout dApps, aiming to increase transparency for players and sponsors alike.
Key details & analysis:
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Smart-contract escrow: Funds are held in a time-locked contract that releases prize money only upon verifiable match results. This prevents disputes over referee decisions or delayed payments.
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On-chain reputation: Player and team reputations can be tokenized via non-fungible reputation badges that accrue based on fair play and community votes—discouraging cheating.
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Scalability concerns: High-traffic tournaments may require Layer 2 rollups or alternative chains (e.g., Polygon, Immutable X) to reduce gas costs and latency.
Opinion: Blockchain’s dual promise of provable fairness and programmable finance makes it uniquely suited to eSports. Yet adoption hinges on UX: seamless wallet integrations, minimal transaction fees, and clear regulatory guidance on esports tokens.
2. When Art Meets Blockchain: Ukraine’s Wartime Cultural Preservation
Source: The Kyiv Independent
Summary:
As monuments crumble under artillery fire, Ukrainian curators and technologists are partnering to mint NFTs representing lost or endangered artifacts. The Kyiv Independent reports that the National Art Museum of Ukraine has launched “Project Phoenix,” tokenizing high-resolution 3D scans of sculptures, manuscripts, and paintings. Proceeds from initial sales fund restoration and digital archiving efforts. Each NFT embeds provenance metadata—including GPS coordinates, curator notes, and condition reports—ensuring that future generations can verify authenticity and context, even if the physical artifact is destroyed.
Key details & analysis:
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Metadata richness: Beyond simple ownership, NFTs store structured metadata—using ERC-721 metadata extensions—that capture curatorial insights and conservation logs.
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Decentralized archives: IPFS and Arweave are employed to host ultra-high-resolution imagery, with on-chain hashes guaranteeing data integrity.
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Community engagement: Fractional-NFT drops allow diaspora communities to collectively own tokens, strengthening cultural ties and crowdfunding preservation.
Opinion: Blockchain’s ability to immutable record heritage provides a lifeline for war-torn nations. However, ensuring that local institutions retain governance over metadata edits and future migrations is critical to avoiding “cultural colonialism” by global NFT marketplaces.
3. Spirit Blockchain Capital’s Q1 2025 Highlights: Growth, Investments, and Outlook
Source: GlobeNewswire
Summary:
Spirit Blockchain Capital’s Q1 2025 report benchmarks the firm’s operational milestones and financial performance. Assets under management (AUM) climbed 45% to $1.02 billion, driven by strategic allocations to top-tier Layer 1 and Layer 2 protocols, DeFi liquidity pools, and a newly launched token-index fund. Operating income rose 37%, fueled by management fees and performance incentives. The firm also closed its second blockchain-focused venture fund at $150 million, earmarked for early-stage Web3 projects in gaming, infrastructure, and decentralized identity.
Key details & analysis:
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Diversification strategy: 60% of AUM in blue-chip cryptocurrencies (Bitcoin, Ethereum); 25% in DeFi (Aave, Uniswap, Lido); 15% in tokenized commodities and NFTs.
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Fund performance: The flagship fund delivered a 9.8% return in Q1, outperforming the 6.2% benchmark set by the Bloomberg Galaxy Crypto Index.
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Venture investments: Early stakes in zero-knowledge proof startups and decentralized storage platforms signal confidence in scalability and privacy innovations.
Opinion: Spirit’s robust growth and disciplined diversification mirror institutional maturation in the blockchain asset management space. As regulatory clarity improves, expect further inflows from endowments, pensions, and family offices.
4. Blockchain EHRs in India: The Next Digital Health Revolution
Source: ORF
Summary:
The Observer Research Foundation (ORF) details India’s pioneering pilot of blockchain-backed electronic health records (EHRs) in the state of Andhra Pradesh. By leveraging a permissioned Hyperledger Fabric network, the initiative ensures that patient records—from vaccination histories to diagnostic imaging—are securely shared across hospitals, clinics, and pharmacies. Patients control access via digital identities anchored to India’s Aadhaar system, granting temporal permissions for data viewing and preventing unauthorized sharing.
Key details & analysis:
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Interoperability: HL7 FHIR standards are mapped to on-chain transactions, enabling seamless data exchange with existing hospital information systems (HIS).
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Privacy safeguards: Off-chain storage of PHI (Protected Health Information) is encrypted with patient-held keys; only hashed pointers reside on-chain to ensure immutability without exposing sensitive data.
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Regulatory alignment: The pilot aligns with India’s draft Digital Health Act, which emphasizes data sovereignty and patient consent frameworks.
Opinion: Blockchain EHRs can democratize healthcare access in a populous nation—but success depends on user-friendly portals, robust identity verification, and contingency plans for network outages in rural areas.
5. The Hottest Viral Altcoins of 2025: UniLabs, Sui, and Hedera Lead the Pack
Source: TronWeekly
Summary:
According to TronWeekly, the altcoin landscape in 2025 is dominated by three viral tokens: UniLabs (UNI-L), Sui (SUI), and Hedera Hashgraph (HBAR). UniLabs, a governance token for a decentralized laboratory network, saw a 1,200% year-to-date surge on news of its AI-driven drug-discovery partnership. Sui’s Move-based smart-contract platform gained traction for sub-second finality and low gas fees, with total value locked (TVL) surpassing $2 billion. Hedera’s HBAR continues its enterprise pivot, securing multi-year agreements with global brands for identity verification and supply-chain tracking.
Key details & analysis:
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UniLabs use case: Token holders vote on research grants and share in royalty revenues from patented compounds developed on-chain.
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Sui performance: With a novel object model and horizontal sharding, Sui supports over 3,000 TPS (transactions per second) without compromising on decentralization.
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Hedera enterprise: The Governing Council—comprising Boeing, Google, and LG—bolsters confidence in HBAR’s governance model and paves the way for compliant enterprise deployments.
Opinion: These tokens exemplify the diversification of blockchain applications. Investors should assess not only market hype but also protocol fundamentals—developer activity, economic incentives, and real-world adoption.
Cross-Story Trends & Key Takeaways
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Trust & Transparency at the Core
From esports prize-pool ledgers to wartime NFT archives and permissioned health records, blockchain’s immutability fosters verifiable trust—a prerequisite for mainstream adoption across sectors. -
Institutional & Public-Sector Innovation
Spirit Blockchain Capital’s fund growth and India’s EHR pilot signal that both private and government entities view blockchain as a strategic infrastructure, not just speculative assets. -
Vertical Specialization Fuels Token Growth
Viral altcoins like UniLabs, Sui, and Hedera thrive by addressing niche use-cases—governance in biotech, scalable DeFi rails, and enterprise identity—underscoring the importance of purpose-built protocols. -
Metadata & Provenance Drive NFTs Beyond Art
Ukraine’s cultural NFTs demonstrate how rich on-chain metadata can preserve heritage, while esports applications show that reputation tokens can enforce fair-play credentials. -
Ecosystem Maturation Requires UX & Governance
Across all stories, user experience—wallet onboarding, identity verification, metadata curation—and robust governance frameworks (tokenomics, regulatory alignment) emerge as decisive factors in blockchain’s next wave.
Conclusion
Today’s blockchain headlines reveal a maturing ecosystem where trust, transparency, and targeted innovation unlock new frontiers—from safeguarding digital heritage amid conflict to revolutionizing healthcare and sports. As institutional players allocate billions, and public-sector pilots chart regulatory pathways, the fate of tomorrow’s Web3 landscape hinges on seamless UX, rigorous governance, and demonstrable real-world utility. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue tracking the trends, tokens, and technologies that define the blockchain revolution.
The post Blocks & Headlines: Today in Blockchain – May 30, 2025 (Fraser Edwards, Kyiv NFT, Spirit Blockchain Capital, Indian eHealth, Hedera) appeared first on News, Events, Advertising Options.
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