Thailand’s SEC takes action against Bitget: criminal complaint + website and app blocked from Dec 5 🚨
📌 Key points
• Thailand’s SEC filed a criminal complaint against Bitget operator BG Limited, alleging that it provided unlicensed trading services in Thailand, charged fees, and promoted its services through a Thai-language website and social media from 2022 to 2025
• The SEC has notified the Ministry of Digital Economy and Society, which will block Bitget’s website, associated domains, and app starting Dec 5
• The regulator specifically advises users to handle their assets on the platform themselves before the deadline
• One other person was also accused of helping promote the platform and was named in the complaint
🧠 My take
This isn’t just about one exchange—it’s a signal from Southeast Asia to offshore platforms: “get a local license or exit.” Local compliance will become increasingly important. When choosing a platform, licensing, asset security, and deposit and withdrawal options should come before fees.
👉 What matters most to you when choosing a platform: licensing, liquidity depth, or fees? Let’s talk in the comments 👇
$BTC $ETH #交易所监管 #泰国 #CryptoMarket
These are personal opinions only and do not constitute investment advice
📌 Key points
• Thailand’s SEC filed a criminal complaint against Bitget operator BG Limited, alleging that it provided unlicensed trading services in Thailand, charged fees, and promoted its services through a Thai-language website and social media from 2022 to 2025
• The SEC has notified the Ministry of Digital Economy and Society, which will block Bitget’s website, associated domains, and app starting Dec 5
• The regulator specifically advises users to handle their assets on the platform themselves before the deadline
• One other person was also accused of helping promote the platform and was named in the complaint
🧠 My take
This isn’t just about one exchange—it’s a signal from Southeast Asia to offshore platforms: “get a local license or exit.” Local compliance will become increasingly important. When choosing a platform, licensing, asset security, and deposit and withdrawal options should come before fees.
👉 What matters most to you when choosing a platform: licensing, liquidity depth, or fees? Let’s talk in the comments 👇
$BTC $ETH #交易所监管 #泰国 #CryptoMarket
These are personal opinions only and do not constitute investment advice
