Temasek Holdings, Singapore’s state investment fund with a portfolio worth $286 billion, said it will not look at cryptocurrency-related investments in the near term.
Rohit Sipahimalani, Temasek’s chief investment officer,“I do think that [would] be very difficult for us to make another investment and exchange in the middle of all this regulatory uncertainty,” Sipahimalani said.“We’ve never been looking to invest in cryptocurrencies. Even the investment in FTX, we’ll be talking about investing in an exchange, which allowed us to get fee-based revenue without thinking [of] balance sheet risk or any trading risks,” Sipahimalani said.
Temasek may consider crypto investments at some point in the future, however. “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 not to look at it,” Sipahimalani continued. “But as I said, at this point in time, we would not be comfortable investing in exchanges given the way things are right now.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore state investor Temasek posts negative annual return, its first since 2020Its global direct investments, particularly in technology, healthcare and payments, saw 'a reversal of gains' in the 12 months ending March 31 this year.
Read more »
Singapore's Temasek reports portfolio value drop, positive on China techSingapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
Read more »
CNBC Daily Open: June’s jobs report won’t stop rate hikesThere were 30,000 fewer jobs than forecast in June. But that's not enough for the Federal Reserve to hold interest rates steady at its upcoming meeting.
Read more »
CNBC Daily Open: Monetary policy divergenceSummary
Read more »
CNBC Daily Open: Monetary policy divergenceThe United States and China, the world's largest economies, are on divergent monetary policy paths that are spelling some headaches.
Read more »
Texas slips again in CNBC ranking of top states for businessAfter topping the ranking in 2018, Texas has lost ground every year since then. It placed second in 2019, fourth in 2021, fifth last year and sixth this year....
Read more »