DUBAI — As the summer heats up in the GCC (Gulf Cooperation Council) so are blockchain implementations, investments, and crypto asset exchange launchings.

In addition to the preliminary launching of DEX Exchange in UAE, Havyn, and Bitoasis, as well as Arabian Bourse in the UAE, Bahrain also witnessed the launch of the first Ethereum based decentralized stock exchange SprinkleXchange. This comes after the announcement of Rain crypto exchange earlier. With more licenses being granted and a bullish cryptocurrency market, tougher regulations from FATF are in play as well as across other jurisdictions.

The stream of investment into blockchain projects is also picking up. Token Open banking platform received investments from MENA banks.