Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertainty

From the source

Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exchange for Thai users from 2022 to 2025. Thailand's securities regulator has filed a criminal complaint against crypto exchange Bitget and moved to block its platform from Dec. 5, casting uncertainty over the company's bid to enter the market through a licensed local exchange. The Securities and Exchange Commission (SEC) said that Bitget's operator, BG Limited, offered crypto trading services in Thailand 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 the country’s fiat currency, baht, while having associated social media channels. The SEC referred the case to police and asked the government to block Bitget's website and app from Dec. 5, while urging users to make plans for assets held on the platform before the restrictions kick in. Bitget's terms of use , last…

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