• The Largest pension provider in Canada Concludes its study on potential crypto investments.
• CPPI did not disclose the main reasons for their decision.
• Information was shared with Reuters by anonymous sources.

Canada’s biggest pension fund, CPP Investments, which has over $382 million in assets, has terminated its exploration into cryptocurrency investments. Reuters was informed of this news by two anonymous sources.

The exact rationale for this decision has not been disclosed. CPPI in 2021 established Alpha Generation Lab, an investigative team of three individuals, in order to examine cryptocurrency and related businesses.

Insiders have confirmed that all plans have been dropped and the teams have been reassigned to other areas. One of the top cryptocurrency YouTubers Coin Bureau commented on the news and expressed that the development in Canadian pension funds was not unexpected for those involved in the crypto space.

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This Article Canada’s CPPI Pension Fund Ends Its Effort To Study Cryptocurrency Investments Originally appeared on Coin Edition.

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