Thai SEC files complaint over Bitget's unlicensed operations
Key points
- Thailand's Securities and Exchange Commission filed a criminal complaint against Bitget's operator, BG Limited, for allegedly running an unlicensed exchange.
- Authorities plan to block access to Bitget in Thailand from 5 December 2026.
- The action also targets an individual accused of helping promote the platform's services in Thailand.
Thailand's Securities and Exchange Commission has filed a criminal complaint against BG Limited over Bitget's unlicensed operations.
The regulator identified trading services, transaction fees and Thai-language promotions during Bitget's operations between 2022 and 2025.
The SEC found that Bitget operated without the licence required under Thailand's Emergency Decree on Digital Asset Businesses.
The regulator notified Thailand's Ministry of Digital Economy and Society to block Bitget access from 5 December 2026.
Investors holding assets on Bitget should consider taking action before the scheduled blocking date to protect their holdings.
The SEC also accused Kritsana Kritsananuwat of supporting Bitget's promotions through Facebook's Srisiam page and YouTube's SRISIAM channel.
The criminal complaint will proceed through investigation, public prosecution and court proceedings under Thailand's digital asset regulations.
The case reinforces Thailand's enforcement against unlicensed digital asset exchanges and highlights the risks facing users of unauthorised platforms.
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