Thailand's SEC files a criminal complaint against Bitget's operator and asks the government to block its site and app from December 5

Thailand's securities regulator has moved against Bitget. CoinDesk reports that the Thai SEC filed a criminal complaint against BG Limited, the operator of Bitget, saying it offered crypto trading services in the country without a license from 2022 to 2025. The regulator said Bitget charged trading fees and sought Thai customers through a Thai-language website that showed prices in baht.

The SEC referred the case to police and asked the government to block Bitget's website and app from December 5, urging users to plan for any assets they hold on the platform. crypto.news reported that the complaint went to the Economic Crime Suppression Division, that prosecutors will decide whether to bring charges, and that the filing does not establish criminal liability.

Bitget said, in a statement reported by crypto.news, that its teams are reviewing the announcement and evaluating how to engage with the regulator, and that user assets remain safe. CoinDesk noted that Bitget's terms of use, updated in October, already list Thailand as a prohibited country, and that Thailand has taken similar action against Bybit and OKX.

The timing overlaps with a deal. Bitget is seeking approval to acquire GMO-Z, a licensed Thai exchange and brokerage, and seller GMO Internet moved the share transfer from October 31 to November 30, five days before the planned block, CoinDesk said.