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BackThailand to block Bitget in December over unlicensed crypto trading
Thailand to block Bitget in December over unlicensed crypto trading
Urgent
Cointelegraph11 minutes agoCrypto1 min read

Thailand to block Bitget in December over unlicensed crypto trading

Regulator orders blocking of Bitget platforms for operating without a license

bitgetthailandsec

Quick Look

  • Thailand’s Securities and Exchange Commission has filed a criminal complaint against Bitget for operating without a license.
  • The regulator has ordered the Ministry of Digital Economy and Society to block access to the platform's website and app starting Dec.

AI-generated summary

Why It Matters

Thailand requires digital asset business licenses for platforms operating within the country. A 2025 decree grants the Ministry of Digital Economy and Society authority to block unlicensed platforms.

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Thailand’s securities regulator has filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, for allegedly operating without a license.

Thailand’s Securities and Exchange Commission (SEC) said Thursday that it had notified the Ministry of Digital Economy and Society to block access to Bitget from Dec. 5. The restriction will cover Bitget’s website, other associated domains and its mobile app.

The regulator advised users to take action regarding assets held on the platform before the deadline.

According to the SEC, Bitget offered crypto trading services between 2022 and 2025, charged trading fees and promoted its services through Thai-language websites and social media channels. The regulator said these activities violated Thailand’s digital asset business licensing requirements.

The regulator filed the complaint with Thailand’s Economic Crime Suppression Division for investigation. Prosecutors will decide whether to bring charges, while courts will determine criminal liability.

Thailand’s Ministry of Digital Economy and Society has authority to restrict access to unlicensed crypto trading platforms under a 2025 decree aimed at protecting investors and combating financial crime.

Bitget did not immediately respond to Cointelegraph’s request for comment.

What to Watch

AI outlook — possibilities, not facts

  • Access to Bitget will be blocked in Thailand on Dec. 5.

    Very likely · Within days

Open Questions

  • Will Bitget attempt to obtain a license?
  • How will user assets be handled after the Dec. 5 block?

Related Topics

bitget
OrganizationsSecurities and Exchange CommissionBG LimitedBitgetMinistry of Digital Economy and Society
PlacesThailand
Topicsthailandseccryptocurrencyregulationcriminal complaint
This article was originally published by Cointelegraph.

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