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Singapore's Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties

Singaporean investment conglomerate Temasek has decided to drop its plans to invest in crypto exchanges, due to regulatory uncertainties. In an interview with CNBC, Temasek’s Chief Investment Officer Rohit Sipahimalani r...

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Singapore's Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties
Singaporean investment conglomerate Temasek has decided to drop its plans to invest in crypto exchanges, due to regulatory uncertainties.
In an interview with CNBC, Temasek’s Chief Investment Officer Rohit Sipahimalani revealed the bitter experience of writing down its entire $275 million investment in the now-bankrupt crypto exchange FTX.
As a result, and with unclear regulations and market conditions, Temasek is not currently looking to invest in crypto-related firms, he said....
Read More: Singapore's Investment Conglomerate Temasek Drops Crypto Investment Plans Citing Regulatory Uncertainties

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