Singapore's sovereign wealth fund Temasek Holdings is currently not looking to invest in crypto companies amid regulatory uncertainty in the sector.
Temasek is not currently looking to invest in crypto firms, following a $275 million FTX loss.
"There's a lot of regulatory uncertainty in this environment. And I do think that be very difficult for us to make another investment and exchange in the middle of all this regulatory uncertainty," chief investment strategist Rohit Sipahimalani told CNBC in an interview Tuesday. Temasek "would not be comfortable investing in exchanges given the way things are right now," said Sipahimalani.
Rohit Sipahimalani, chief investment officer of Temasek Holdings Pte, speaks during a news conference in Singapore, on Tuesday, July 11, 2023.Singapore's sovereign wealth fund Temasek is not currently looking to invest in crypto companies amid regulatory uncertainty in the sector, its chief investment officer Rohit Sipahimalani said.
"There's a lot of regulatory uncertainty in this environment. And I do think that be very difficult for us to make another investment and exchange in the middle of all this regulatory uncertainty," Sipahimalani told CNBC in a Tuesday interview.top U.S. crypto exchange Ripple for breaching local securities laws by selling its native token XRP without first registering it with the regulator.for operating as an unregistered securities exchange, a broker or a clearing firm.
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