Thailand’s SEC files a criminal complaint against Bitget’s operator for unlicensed operations and notifies a platform block starting December 5
On November 5, the Thailand Securities and Exchange Commission (SEC) filed a criminal complaint with the Economic Crime Suppression Division against BG Limited, the operator of the Bitget platform, accusing it of operating a digital asset exchange business without a license. The SEC also notified the Ministry of Digital Economy and Society to block access to the Bitget website, other domains and the application starting December 5.
The SEC said that between 2022 and 2025, Bitget provided a digital asset trading system to Thai users and charged fees, had a Thai-language website and Thai baht pricing options, and promoted itself through social media, allegedly violating Section 26 of the Emergency Decree on Digital Asset Businesses. An individual named Kritsana Kritsananuwat, who promoted it through the Facebook page “Srisiam” and the YouTube channel “SRISIAM,” was also charged, allegedly for assisting unlicensed operations.
The SEC reminded users to properly handle their assets on the platform before the blocking date. Bitget previously announced in October that it would acquire the Thai licensed exchange GMO-Z.com Cryptonomics, and that acquisition is still pending regulatory approval and is a separate matter from this enforcement action.
Original source:
Title: SEC files criminal complaint against BG Limited and one alleged supporter for operating an unlicensed digital asset exchange business, and notifies access blocking effective 5 December 2026 Publisher: Thailand Securities and Exchange Commission Publication date: 2026-11-05 URL: http://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=13530&NewsNo=241&NewsYear=2026&Lang=EN Source type: regulator announcement Verification: Full text of the SEC English announcement was read and confirmed for this reading, verification date 2026-11-06 Supporting content: supports all core facts in the body, the time range, the blocking date and the accused parties
ABAB AI Insight
On November 5, the Thailand SEC filed a criminal complaint with the Economic Crime Suppression Division against BG Limited under the Emergency Decree on Digital Asset Businesses and notified the Ministry of Digital Economy and Society to block the Bitget website, domains and app starting December 5. The SEC determined that Bitget provided a trading system to Thai users, charged fees, and had a Thai-language interface and Thai baht pricing between 2022 and 2025, constituting unlicensed operation of a digital asset exchange.
In terms of capital and compliance, operating a digital asset exchange business in Thailand requires a license from the Ministry of Finance. The SEC viewed Bitget’s Thai-language promotion, social media activity and fee collection as business activities directed at Thai users. The blocking is based on a 2025 royal decree, which authorizes the Ministry of Digital Economy and Society to block access to unlicensed platforms. Users are advised to handle their assets before the blocking date, as assets on unlicensed platforms are not protected under Thailand’s digital asset laws.
Compared with Bitget’s October announcement that it would acquire the licensed exchange GMO-Z.com Cryptonomics, this action is a criminal complaint and access blocking targeting past unlicensed operations. The similarity is that both involve access to the Thai market; the key difference is that the acquisition is still pending regulatory approval and concerns a licensed entity, while this enforcement action targets BG Limited’s unlicensed activities between 2022 and 2025, and the two do not substitute for each other.
For Bitget’s Thai users, access to the platform will be blocked starting December 5, and they will need to handle their assets before then. For the platform, the criminal complaint has entered the investigation process and may face subsequent prosecution. For Thai regulators, the action brings unlicensed operations and promotional assistance under scrutiny together, and pairs this with access blocking to limit continued service.
ABAB News · Law of Perception
The complaint targets the unlicensed provision of a trading system and collection of fees between 2022 and 2025, constituting a violation of Section 26 of the Emergency Decree.
The blocking takes effect on December 5 and covers the website, other domains and the app; users are reminded to handle their assets beforehand.
An individual who promoted it through Facebook and YouTube was also charged, allegedly for assisting unlicensed operations.