Thailand SEC Files Complaint Against Bitget, Requests Access Block
Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against BG Limited, Bitget’s operator, over alleged unlicensed services to Thai users. The regulator has also asked the government to block access to the exchange from December 5, 2026. It has not been confirmed whether the request will be carried out.
- The complaint concerns alleged trading services and fees from 2022 to 2025.
- The SEC requested a block on Bitget’s website, other domains and app.
- A proposed acquisition of a Thai-licensed broker still needs approval.
- The complaint is an allegation, not a court finding.
What Thailand’s SEC alleges
A November 6, 2026, report by Bitcoin Magazine says the SEC filed a criminal complaint against BG Limited, which operates Bitget. The regulator alleges that Bitget facilitated cryptocurrency trading and charged Thai users between 2022 and 2025 without the permits required under Thailand’s Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).
The SEC reportedly pointed to a Thai-language website, prices shown in Thai baht and fees charged to users as evidence that Bitget served the local market. It also cited promotions through accounts identified as “Bitget Thailand” on X, “BGB Thai Holder” on Telegram and “bitgetthailand” on TikTok. These are part of the regulator’s allegations, not findings by a court.
The report says the SEC filed the complaint with Thailand’s Economic Crime Suppression Division. Investigators may refer the case to prosecutors, who would decide whether to pursue charges. No court ruling or specific penalty has been reported.
The SEC reportedly also filed a complaint against Mr. Kritsana Kritsananuwat, accusing him of promoting Bitget through Facebook and YouTube channels without authorization. That allegation remains under investigation.
The SEC’s notice was not available for independent review at publication, so the enforcement details here come from Bitcoin Magazine’s reporting. The report does not include a response from Bitget. It also does not establish whether the company has responded elsewhere or since.
The access block is a request, not a confirmed shutdown
Bitcoin Magazine reports that the SEC asked the Ministry of Digital Economy and Society to block Bitget’s website, other domains and app, with public access expected to end on December 5, 2026.
Available reporting does not confirm that the ministry has approved or carried out the request. It also gives no complete list of domains or details about the technical measures that might be used.
The SEC reportedly advised Thai users with assets on Bitget to review their accounts and consider withdrawing before the stated cutoff. The sources do not explain how withdrawals, account records or unresolved disputes would be handled if access is restricted. Users should also be wary of unsolicited messages offering urgent withdrawal help. A deadline does not make an unfamiliar link or supposed support agent trustworthy.
Bitget’s proposed Thai broker acquisition
Bitget has been pursuing the acquisition of GMO-Z.com Cryptonomics (Thailand), described in the reporting as a locally licensed digital-asset broker. BTGT Management (Thailand) Ltd. is making the proposed purchase, which still needs regulatory approval.
Bitcoin Magazine reported that GMO Internet and its Thai holding company planned to transfer stakes of about 49% and 50.94%, respectively, to BTGT or its designee at completion. The report said the effective transfer date had shifted from October 31, 2026, to November 30, 2026. GMO Internet cited regulatory applications and closing procedures.
The revised date would be five days before the planned access block. The timing stands out, but reporting does not show that the complaint will delay or prevent the acquisition. Nor does it show that buying a licensed broker would automatically authorize Bitget’s exchange services. Approval of a future transaction and allegations about past operations are separate matters. The SEC has not been reported as saying how the complaint might affect the deal.
What the licensing rules mean
Thailand’s Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) sets rules for digital-asset services. Bitcoin Magazine reports that the SEC cited Sections 3 and 26 in alleging that Bitget operated an exchange without a required license. Section 66 covers penalties. The report does not specify a likely penalty or say that a court has found a violation.
Thailand has used access-blocking measures against other platforms. The same report says the SEC referred Bybit, OKX and three other platforms for a June 28, 2025, cutoff. That provides enforcement context, but it does not confirm that the current request has been implemented or that authorities will follow the same process.
Key questions about the Bitget case
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Why did Thailand’s SEC file a complaint against Bitget?
The regulator alleges that Bitget facilitated trading and charged Thai users from 2022 to 2025 without permits required by Thai law. A court has not decided the allegation.
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Will Bitget be blocked in Thailand on December 5, 2026?
The SEC reportedly requested blocking measures for that date, but available reporting does not confirm that the ministry has approved or implemented them.
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What should Thai users with Bitget funds do?
The SEC reportedly urged users to review their accounts and consider withdrawing assets before the cutoff. Reporting does not say what will happen to funds or account access afterward.
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Would buying a licensed Thai broker settle the complaint?
No. The acquisition is proposed and subject to approval, and there is no reported ruling on whether it would authorize Bitget’s exchange services. The deal would not by itself resolve allegations about earlier activity.
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Has Bitget responded to the allegations?
Bitcoin Magazine’s November 6 report did not include a response. It does not establish whether Bitget has commented elsewhere or since then.
Two questions remain open: what investigators will make of the alleged past activity, and whether the ministry will carry out the requested access restriction. The proposed acquisition could shape Bitget’s future plans in Thailand, but its status and licensing implications are still unresolved.
