Temasek Cautious Amid Regulatory Uncertainties, Moderates Investment Pace
TL;DR
Singapore's sovereign wealth fund, Temasek, stated that it is not currently interested in investing in cryptocurrency companies due to the regulatory uncertainties surrounding the sector. The Chief Investment Officer, Rohit Sipahimalani, mentioned that the recent charges against Ripple and Coinbase by the U.S. Securities and Exchange Commission have contributed to the hesitation. Temasek's focus has never been on investing in cryptocurrencies, but rather on investing in exchanges that generate fee-based revenue. Sipahimalani also discussed Temasek's early-stage investment strategy and the importance of diversification in managing risks.
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