Temasek, a giant investment fund affiliated with the Singapore state, has announced that it will not invest in the crypto money sector as long as the atmosphere of regulatory uncertainty continues.
Temasek, one of the organizations that suffered from the FTX bankruptcy, decided to act cautiously towards the cryptocurrency market. Temasek chief investment strategist Rohit Sipahimalani on the 11th of July to CNBC in a statement against the industry abstained took an attitude. Sipahimalani, available regulator uncertainties announced that they do not plan to invest in crypto money companies due to
Sipahimalani also TRUE and a clear regulatory atmosphere He stated that they can continue to invest in the crypto money industry if this can be achieved. However, he underlined that this clarity has not yet been achieved.
If you have the right regulatory framework and we see an investment opportunity here, there is no reason why we shouldn’t move into this area. However, we do not intend to invest in crypto companies or a stock market in this market where regulatory uncertainty is currently dominant.
Cryptocurrency investment we never thought
On the other hand, speaking about investments in cryptocurrencies, Sipahimalani added that Temasek never had such an intention:
We never thought of investing in cryptocurrencies. Even in FTX investment, we aimed to make an income-based stock market investment without considering the balance sheet risk.
Tamesek, due to FTX bankruptcy $275 million loss had done. Sipahimalani in recent months FTX In his statement regarding his investments, he stated that they always allocate a small part of their portfolio to risk products and that these investments do not always result in success.