The Singapore-based wealth fund, Temasek, has expressed disinterest in investing in crypto exchanges due to regulatory uncertainty in the sector.
In a Tuesday interview with CNBC, Chief Investment Officer Rohit Sipahimalani commented, “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”.
Temasek, a notable investment firm, has decided not to pursue investments in cryptocurrency companies, following a significant loss of $275 million from its involvement with FTX.
However, Sipahimalani clarified that the firm would not entirely dismiss the possibility of investing in a crypto exchange. “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.”
Temasek’s decision to refrain from investing in crypto firms due to regulatory uncertainty demonstrates their cautious approach. Nevertheless, they remain open to potential future opportunities should the right regulatory framework be established.
