The state-backed investment company’s inclusion in the Libra Association, announced late on Thursday, comes after the association last year lost a number of high-profile members over concerns it could threaten the financial system, as well as privacy and money-laundering fears.  Temasek’s participation makes it the first Asia-based member as well as the first state-backed investor to become involved in the project. Singapore is recognised as a financial technology hub in Asia and the government has encouraged and supported crypto-related technologies and financial technology innovation.

https://www.ft.com/content/a713de3c-a5c6-4aa1-bf7b-074a17396b3a