How the FTX debacle made this company wary of crypto

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Singapore’s state-owned investment giant Temasek is not interested in cryptocurrency investments due to regulatory uncertainty.

Sipahimalani, however, added that if regulators implement a comprehensive regulatory framework on the crypto industry, the corporation will reconsider its position. He said,

“If you have the right regulatory framework, and we are comfortable with it, and you have the right investment opportunity, there’s no reason for us to not to look at it.”the results of the preceding financial year that ended 31 March. It turns out that the company recorded in 2023 its worst returns in seven years. Temasek posted a 5.07% decline in its one-year total shareholder return.

Temasek’s net portfolio value came in at 382 billion Singaporean dollar . The figure stood at S$403 billion a year ago.Share

 

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