Thailand SEC Files Complaint Against Bitget, Plans Dec. 5 Block

Thailand's Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operating company behind the Bitget exchange, for providing digital asset trading and exchange services without a required license, according to Crypto Briefing. The regulator told the outlet that Bitget ran a Thai-language website, showed prices in baht equivalent, and marketed to users through Thai-language accounts on social platforms including X, Telegram and TikTok, allegedly operating this way between 2022 and 2025 without obtaining proper authorization.

Access to Bitget's website, domains and application is scheduled to be blocked starting December 5, 2026, after the SEC asked Thailand's Ministry of Digital Economy and Society to restrict the platform, Crypto Briefing reported. The outlet said an individual, Kritsana Kritsananuwat, was named in the complaint and accused of helping promote the exchange in Thailand.

The SEC stated that Bitget's activities violated licensing requirements under the country's 2018 Emergency Decree, and the case has been referred to Thailand's Economic Crime Suppression Division for investigation and possible prosecution, according to the report. Thai regulators also warned that investors using unlicensed platforms are not covered by protections under Thailand's digital asset laws, Crypto Briefing said.

It remains unconfirmed whether Bitget has responded to the complaint or the planned block, and the report did not specify potential penalties, other individuals who may be involved, or the number of Thai users affected.