According to CNBC, Singapore sovereign wealth fund Temasek's Global Investment President Nagi Hamiyeh said that after booking a write-down of approximately $275 million from its FTX investment in 2022, the firm is still not considering direct cryptocurrency investments. "We have no direct crypto investments," he stated, adding that due to regulatory uncertainty, crypto investments remain "off the table," but Temasek will continue to focus on blockchain and related infrastructure applications in the real economy.

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Lime-ColoredStop-LossLine
· 4h ago
Blockchain infrastructure is acceptable, but not the coins. Traditional institutions have a sense of proportion.
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RedGlass
· 4h ago
Temasek’s moves this time are quite pragmatic. The $275 million “tuition fees” paid to FTX was too painful. Now that it looks like they’re acting according to regulatory signals, that’s also normal.
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