Thailand to block Bitget in December over unlicensed crypto trading

Abstract:Thailand will block access to Bitget from Dec. 5 after its securities regulator filed a criminal complaint against the exchanges operator.

Thailands 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 Thailands digital asset business licensing requirements.

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

Thailands 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 Cointelegraphs request for comment.

Disclaimer

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Previous Post

South Korea seeks 4th crypto tax delay, targets 2029 start

Next

James Wynn Doubles Down on Bitcoin Crash Call Despite Fresh ETF Inflows