Crypto still 'off the table' for Singapore's Temasek, four years after FTX flop
AI Summary
Four years after its investment in the now-defunct FTX cryptocurrency exchange resulted in a $275 million writedown, Singapore's Temasek remains steadfast in its stance against crypto investments. The fallout from this decision has kept Temasek wary of the volatile crypto market, highlighting the risks associated with digital currencies. This move underscores the broader challenges and skepticism the sector faces, even as other areas like AI and luxury goods continue to draw interest from global investors.
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