Key Takeaways
Thailand SEC filed a criminal complaint against Bitget operator BG Limited for running an unlicensed digital-asset exchange and requested a platform access block starting Dec. 5.
According to Bitcoin Magazine, Thailand's Securities and Exchange Commission filed a criminal complaint against BG Limited, the operator of the cryptocurrency exchange Bitget. The regulator alleged that the platform operated an unlicensed digital-asset exchange for Thai users from 2022 to 2025. The complaint was lodged with the Economic Crime Suppression Division and also names Mr. Kritsana Kritsananuwat for allegedly promoting Bitget on Facebook and YouTube.
The SEC stated that Bitget offered a trading system, charged fees, maintained a Thai-language website displaying values in baht, and solicited users across social channels. This activity allegedly violated Section 26 of the Emergency Decree on Digital Asset Businesses. The regulator submitted Bitget's website, domains, and app to the Ministry of Digital Economy and Society, with an access block scheduled to take effect on December 5. Investors holding assets on the platform were advised to consider acting before the cutoff.
Separately, Bitget announced a planned acquisition of GMO-Z.com Cryptonomics (Thailand) through BTGT Management (Thailand) Ltd., though GMO Internet Group revised the effective share transfer date to November 30 amid regulatory applications.
Source & Fact-Check Note
https://bitcoinmagazine.com/news/thailand-sec-bitget-criminal-dec-5
