Temasek rules out crypto investments four years after $275M FTX loss, citing regulatory uncertainty
Temasek's president Nagi Hamiyeh stated that crypto investments remain "off the table" for the Singaporean investment firm, four years after losing $275 million in the FTX collapse. The company is avoiding direct crypto exposure due to regulatory uncertainty, instead focusing on blockchain technology and its infrastructure. Hamiyeh noted he cannot predict crypto's future role in the mainstream economy, which depends on evolving regulations.
Key quotes
We don't have directly any, any investment in crypto.
I can't forecast what happens in the future, and the role that crypto is going to play in the main economy, depending on the different regulations that might happen.
Crypto is still off the table.
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