bankrupt in November 2022 cryptocurrency stock market FTXhas invested in Singapore state fund Temasek announced that he is not currently considering investing in crypto companies.
speaking to CNBC Temasek Chief Investment Officer Rohit Sipahimalani He said they will not invest in crypto companies due to current regulatory uncertainties.
“There is a lot of regulatory uncertainty in the current environment.
I think it’s very difficult for us to make another investment amid all this regulatory uncertainty.
In this context, it does not seem logical for us to invest in any cryptocurrency company or stock market, given the current state of affairs.”
Stating that they will consider investing in crypto companies when the right regulatory framework comes, Sipahimalani said Temasek will never do anything. to cryptocurrency He added that he does not intend to invest.
“As Temasek, we never wanted to invest in any cryptocurrencies.
While investing in the bankrupt FTX, we had no intention of investing in a cryptocurrency. We invested in the stock market at FTX. In this investment, we were going to profit on transaction fees, but things did not go as we expected.”
Temasek invested $275 million in FTX before FTX went bankrupt.
*Not investment advice.
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