Thailand's Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator it identifies as providing the Bitget cryptocurrency exchange, and has set December 5, 2026 as the date for blocking local access to the platform. The regulator alleges that Bitget operated a digital-asset exchange without a Thai license between 2022 and 2025. It also filed a complaint against one person accused of helping promote the service.

What the regulator alleges

The SEC said Bitget offered a trading system, charged fees and targeted Thai users through a Thai-language website, baht-denominated value displays and local-language promotions. On that basis, the agency alleges that BG Limited operated an exchange business without the authorization required by Thailand's 2018 digital-asset business decree. The complaint also names Kritsana Kritsananuwat, whom the regulator accuses of assisting promotion through Facebook and YouTube. Those claims have not been adjudicated by a court.

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The December 5 access deadline

The SEC said it sent information covering bitget.com, other Bitget domains and the exchange's application to the Ministry of Digital Economy and Society. Under a 2025 technology-crime decree, the ministry can block access to unlicensed digital-asset platforms. The regulator said the public in Thailand will be unable to access the covered platform from December 5 and urged customers to consider what to do with assets held there before the deadline.

A block is not an asset-freeze order

The official notice describes a restriction on website, domain and application access. It does not announce that customer assets have been frozen, require a compulsory sale or set a separate withdrawal cutoff. That distinction matters for users deciding how to respond: loss of a normal access route can create operational risk even when an order does not transfer ownership of funds or direct the exchange to liquidate accounts. Account-specific availability still depends on the platform and applicable controls.

Bitget says it is reviewing the notice

CryptoSlate reported that a Bitget spokesperson said the exchange was reviewing the SEC announcement and considering options for engaging with the regulator. The spokesperson said user assets remained safe and that guidance on service-access changes would be shared through official channels. That statement is the company's position; it does not establish whether every Thai customer can currently withdraw every supported asset or how access will work after the scheduled block.

The enforcement process is still ahead

Thailand's SEC explicitly described the next stages as an inquiry by enforcement officials, a charging decision by prosecutors and adjudication by the courts. A regulatory complaint starts that process but does not itself prove criminal liability. The regulator's enforcement database listed the matter as under inquiry when checked. Users and counterparties should therefore separate the confirmed access-block timetable from allegations that remain to be tested through the legal process.

Why the case matters beyond one platform

The action shows how national regulators can restrict offshore exchange access even when trading infrastructure and customer assets sit outside their jurisdiction. For exchanges, local-language marketing, national-currency displays and domestic promotion can become evidence in a licensing case. For customers, the practical risk is not limited to solvency: a platform may remain operational globally while a government narrows the routes through which residents can reach it.

What remains uncertain

The SEC notice does not say whether Bitget will change services for Thai residents before December 5, whether the ministry will block every related domain simultaneously or how customers will receive future platform guidance. CoinDesk separately reported that Bitget's published terms already list Thailand as a prohibited jurisdiction and that a Bitget-linked buyer is pursuing a licensed Thai exchange acquisition, but the SEC has not said whether this complaint affects that transaction. The next material evidence will be formal company instructions, ministry implementation and any prosecutorial decision.

Sources

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