Protocols & Policy · Crypto regulation
Thailand's securities regulator filed a criminal complaint against BG Limited, which runs Bitget, for operating an unlicensed digital-asset exchange and told the digital ministry to block the site from Dec. 5. A complaint is not a conviction.
People in Thailand who use Bitget will be unable to reach the exchange from Dec. 5, after the country's securities regulator filed a criminal complaint against the company that runs it and asked the digital ministry to block the site [1]. The Securities and Exchange Commission of Thailand's News No. 241/2026, dated Nov. 5, names BG Limited as "the provider of the digital asset exchange platform on www.bitget.com (Bitget)" [1].
A criminal complaint is a request that prosecutors investigate; it is not a conviction. The SEC says the case now goes to "an investigation by the inquiry official, prosecution by the public prosecutor, and adjudication by the court of justice, respectively" [1].
The SEC filed the complaint with the Economic Crime Suppression Division, a police unit that handles economic crime [1]. It says Bitget operated "a digital asset exchange business without a license," meaning it ran a platform that matches buyers and sellers of crypto without Thai permission, in violation of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) [1]. The release cites Section 3 of that decree for the definition of the business, Section 26 for the licensing rule, and Section 66 for the offense [1]. It does not state the penalty amounts under Section 66.
Separately, the SEC "notified the Ministry of Digital Economy and Society (MDES) to block access to the platform effective 5 December 2026" [1]. It says it sent Bitget's website, other domains and its application to MDES under a 2025 royal decree that "authorizes the MDES to order the blocking of access to unlicensed digital asset trading platforms" [1]. "As a result, the public will be unable to access the platform from 5 December 2026," the release says [1]. That is 30 days from the Nov. 5 announcement.
The SEC "alerts investors using the Bitget platform to consider taking action regarding their assets held on the platform before the scheduled access blocking date" [1]. It does not set a separate withdrawal deadline earlier than Dec. 5.
| Item | Per News No. 241/2026 |
|---|---|
| Defendant named | BG Limited (Bitget) and one alleged supporter |
| Filed with | Economic Crime Suppression Division (ECD) |
| Law cited | Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), Sections 3, 26, 66 |
| Access block | From Dec. 5, 2026, ordered via MDES |
| Days from announcement to block | 30 (Nov. 5 to Dec. 5) |
| Users told | Act on assets before the block date |
Table: Le Coin. Source: Thailand SEC News No. 241/2026.
The SEC says that during 2022–2025 Bitget offered Thai-language pages, baht-equivalent displays and Thai-language promotion, and charged fees for trading [1]. It also named Kritsana Kritsananuwat as an alleged supporter who publicized Bitget through Facebook and YouTube pages, citing Section 86 of the Criminal Code together with the decree [1]. The Thai-language version of the same release, News No. 241/2569, matches those points [2].
Bitget ranks fifth among exchanges tracked by CoinGecko by trust score, with about 14,462 bitcoin of 24-hour trading volume when checked at about 12:06 p.m. ET [5]. Powered by CoinGecko API
The same blocking tool has been used before. In June 2025, the SEC said MDES would restrict access to Bybit, 1000X, CoinEx, OKX and XT.COM on June 28, 2025, and told users to withdraw or transfer assets before that date [3].
Bitget's blog and support pages showed no statement responding to News No. 241/2026 when checked at about 12:06 p.m. ET [4].
In Le Coin's view, the clock that matters for Thai users is the access block, not the complaint: Dec. 5 is the date the SEC says the public loses the site, a month after the filing.
Holding the Corner.
Not financial advice.