Thailand sets a Dec. 5 block for Bitget after SEC criminal complaint

Thailand's Securities and Exchange Commission filed a criminal complaint on Thursday against BG Limited, the operator of the Bitget exchange, and notified the digital economy ministry to block Bitget's website, other domains and app from Dec. 5, according to the SEC's release No. 241/2026.

The regulator says Bitget ran a trading system for Thai users in 2022 to 2025 and charged fees without the license required under the 2018 Emergency Decree on Digital Asset Businesses. As evidence it cites a Thai-language site that could show prices in baht, plus Thai promotion on an X account called "Bitget Thailand," a Telegram group and a TikTok account. The complaint also names one individual accused of promoting Bitget on Facebook and YouTube.

The sequence matches last year's. In May 2025, the SEC filed complaints with the same police unit, the Economic Crime Suppression Division, against Bybit, OKX, CoinEx, 1000x.live and XT.com and asked the ministry to block them, CoinDesk reported. The block was set for June 28, about a month later. Bitget's users get roughly the same window, and the SEC advises them to "consider taking action" on their assets before the date.

The legal tool is a 2025 royal decree that lets the ministry order blocks of unlicensed digital asset platforms. Thailand is not the only regulator acting on license status this year: Dubai ordered KuCoin to halt all crypto services in March, citing unlicensed operations. Licensed Thai operators have also been freezing suspected mule accounts under tighter anti-money-laundering rules.

A complaint is an allegation. The SEC's release says the case now goes to an inquiry official, then a public prosecutor, then a court, so no one has been found guilty of anything. The release also does not order liquidation of the exchange or tell users to sell, and it says nothing about what happens to balances left on the platform after Dec. 5.

The block itself is described in the release as information submitted to the ministry, which holds the power to order it. The release quotes no ministry decision, so the date rests on the SEC's statement.

Bitget had not commented in the reports we checked. The complaint lands about two weeks after Bitget said on Oct. 20 that it would buy GMO-Z.com Cryptonomics (Thailand), which runs the licensed Z.com EX exchange, through a company in which Bitget holds an interest. The deal needs regulatory approval, and The Defiant reported that the seller, GMO Internet, has pushed the planned share transfer from Oct. 31 to Nov. 30 while it works through Thai procedures.