Thailand to Block Bitget After SEC Complaint

Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of Bitget, alleging the company provided digital-asset services without a required license. The regulator has also asked the Ministry of Digital Economy and Society to block access to Bitget’s website, related domains and app from December 5, 2026. The complaint concerns services the SEC says Bitget provided in Thailand between 2022 and 2025. The regulator alleges the platform facilitated digital-asset trading, charged fees and promoted services to Thai customers without authorization. It also cited a Thai-language website displaying cryptocurrency prices in baht and marketing through Thai-language accounts on X, Telegram and TikTok. The SEC says the alleged activities fell under the definition of a digital-asset exchange business under Thailand’s 2018 Emergency Decree on Digital Asset Businesses. It has also named Kritsana Kritsananuwat, alleging he helped promote Bitget through a Facebook page and YouTube channel. The complaint against him is separate from the complaint against BG Limited. The SEC referred the case to the Economic Crime Suppression Division for...