Singapore’s Deputy Prime Minister Lawrence Wong said in response to questions in the country’s parliament today that Temasek’s failed investment in FTX will not affect the reserves available for the Government’s budget or Singapore’s net investment return contribution (NIRC) because the relevant indicators are linked to the overall expected long-term returns of Singapore’s investment entities, rather than individual investments.
In addition, Lawrence Wong clarified that although Temasek and Singapore’s sovereign wealth fund GIC have some investments in the digital asset sector, they have no direct exposure to cryptocurrencies. (Straits Times)