$ONE
$BNB
$XRP
🚩 🚨 Breaking: Thailand’s Securities and Exchange Commission (SEC) files a criminal complaint against the Bitget platform and orders it blocked!
Thailand’s regulatory authorities have officially announced strict legal action against BG Limited, the operator of the Bitget platform, for providing digital asset services in the country without a license.
📌 Key details of the decision:
• 🚫 Blocking date: The Ministry of Digital Economy has been instructed to officially block the platform’s website and app starting December 5.
• ⚖️ Reason for the complaint: The platform conducted promotional activities in Thai and offered pricing options in the local currency between 2022 and 2025 without legal authorization. The complaint also names local promoters.
• ⚠️ Fate of the acquisition: This move puts Bitget’s plan to acquire the locally licensed exchange (GMO-Z.com), along with the related regulatory approvals, at serious risk.
• 🛑 User advisory: The SEC urged all investors in Thailand to promptly withdraw and settle their assets before the blocking order takes effect.
Bitget, for its part, confirmed that users’ assets are safe and said it is reviewing the official announcement to consider options for cooperating with the regulatory authorities.#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillUS-IranTensionsBoostSafe-HavenDemand?
$BNB
$XRP
🚩 🚨 Breaking: Thailand’s Securities and Exchange Commission (SEC) files a criminal complaint against the Bitget platform and orders it blocked!
Thailand’s regulatory authorities have officially announced strict legal action against BG Limited, the operator of the Bitget platform, for providing digital asset services in the country without a license.
📌 Key details of the decision:
• 🚫 Blocking date: The Ministry of Digital Economy has been instructed to officially block the platform’s website and app starting December 5.
• ⚖️ Reason for the complaint: The platform conducted promotional activities in Thai and offered pricing options in the local currency between 2022 and 2025 without legal authorization. The complaint also names local promoters.
• ⚠️ Fate of the acquisition: This move puts Bitget’s plan to acquire the locally licensed exchange (GMO-Z.com), along with the related regulatory approvals, at serious risk.
• 🛑 User advisory: The SEC urged all investors in Thailand to promptly withdraw and settle their assets before the blocking order takes effect.
Bitget, for its part, confirmed that users’ assets are safe and said it is reviewing the official announcement to consider options for cooperating with the regulatory authorities.#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillUS-IranTensionsBoostSafe-HavenDemand?