Singapore’s Investment Giant Temasek Pauses Crypto Exchange Investments Amid Regulatory Uncertainty 🛑
Temasek, Singapore's sovereign wealth fund, has decided not to invest in crypto exchanges due to regulatory uncertainty. Chief Investment Officer Rohit Sipahimalani stated, "There's a lot of regulatory uncertainty in this environment, and it would be difficult for us to invest in the middle of it." Temasek previously faced losses after a $275 million investment in FTX, which collapsed in November 2022. Sipahimalani mentioned being misled by FTX's founder and emphasized the need for the right regulatory framework before considering future investments in exchanges. Stay tuned for more updates! 📉💼