Basel Medical, Decision to 'Postpone' Bitcoin Purchase...Reflecting Regulatory Uncertainty in the United States
Minseung Kang
Summary
- Basel Medical Group announced that it has decided to temporarily postpone its plan to purchase Bitcoin.
- The main reason given was the ongoing review of digital asset regulations in the United States and the resulting policy uncertainty.
- They stated they would defer transactions until regulatory clarity is secured, and will closely monitor future policy trends.
Singaporean healthcare company Basel Medical Group has temporarily put its plan to purchase Bitcoin (BTC) on hold.
According to GlobeNewswire on the 18th (local time), Basel Medical Group agreed, after deliberation, to temporarily suspend the purchase process. This is due to ongoing reviews by U.S. regulators of digital asset regulations and uncertainty about how future policies may affect the transaction.
Basel Medical Group stated, "We believe it is prudent to defer the transaction until there is clear regulatory guidance," adding that, "We will closely monitor future policy developments and will reconsider if circumstances become appropriate again."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
