Thailand’s SEC Moves to Block Bitget as It Files Criminal Complaint

Dextape brief

By Dextape Desk · November 5, 2026

Thailand's securities regulator has lodged a criminal complaint against BG Limited, the firm behind the Bitget exchange, alleging it offered crypto trading to local users from 2022 through 2025 without required authorization. Authorities plan to restrict access to the platform's website, domains and app starting December 5, 2026. A second complaint names Kritsana Kritsananuwat, accused of helping promote Bitget through a Facebook page and YouTube channel. Investigators also cited a Thai-language site and local-currency pricing as evidence of targeting. The SEC urged users to review their holdings before the deadline, warning that unlicensed platforms may offer fewer legal protections. The complaint, sent to the economic crime division, does not establish guilt; prosecutors and courts will decide the case.

Why it matters: It shows regulators pressing offshore exchanges to hold local licenses, and that serving customers internationally does not by itself grant permission to offer regulated services in a given country.

Summary by Dextape, based on reporting by Bitcoinist. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.