First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled; Bitcoin Falls
![First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled; Bitcoin Falls First Mover Asia: The BitMEX Saga Continues to Leave Fundamental Regulatory Issues Unsettled; Bitcoin Falls](https://www.coindesk.com/resizer/6-U4pVxd2sScOoZuNu5E4VOnVjw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3IGGQDJKNVAELO3WXJRRFY374E.jpg)
Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos.