Thailand SEC Files Criminal Complaint Against Bitget and Schedules Platform Access Block for December 5

Regulators in Southeast Asia are stepping up enforcement against offshore cryptocurrency platforms.

According to the reports, the Securities and Exchange Commission (SEC) of Thailand has officially filed a criminal complaint against BG Limited, the operator of the global cryptocurrency exchange Bitget, and announced that public access to the platform will be blocked nationwide starting December 5, 2026.

The regulatory crackdown follows an extensive investigation into Bitget's operational footprint within the country. The Thai SEC found that between 2022 and 2025, Bitget actively facilitated cryptocurrency trading and charged fees to local users without securing the necessary regulatory permits required under Thailand’s Emergency Decree on Digital Asset Businesses.

Localized Marketing Tactics

Regulators highlighted that the exchange actively catered to domestic users by providing a Thai-language website interface, displaying prices in Thai baht (THB), and running promotional campaigns through localized channels on X, Telegram, and TikTok.

The case has been formally submitted to Thailand’s Economic Crime Suppression Division for investigation. Additionally, the SEC filed a complaint against individuals accused of assisting in the unauthorized promotion of Bitget services via local media pages.

December 5 Deadline

To comply with the impending restriction, the SEC has submitted requests to the Ministry of Digital Economy and Society to block bitget.com, its associated mobile applications, and alternate domains.

Authorities have urged Thai users currently holding funds on the platform to review their accounts and withdraw assets ahead of the December 5, 2026 cutoff. The regulator reiterated that users interacting with unauthorized, offshore platforms forfeit the legal consumer protections and dispute mechanisms guaranteed under Thai digital asset laws.

The enforcement action creates hurdles for Bitget's regional strategy, arriving just as the exchange attempts to finalize its acquisition of GMO-Z.com Cryptonomics (Thailand) — a licensed local broker. Regulators noted that pursuing a corporate purchase does not grant retroactive immunity or automatically legalize past unauthorized operations.

Thailand's decisive action mirrors similar measures taken against other major offshore venues, emphasizing Southeast Asia's zero-tolerance policy toward unverified cryptocurrency providers.

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