Bitget reported in Thailand; access to be blocked from December 5. What should local users do?
Thailand’s Securities and Exchange Commission (SEC), in press release No. 241/2026 dated November 5, said that BG Limited, the operator of Bitget, had run an unlicensed digital asset exchange from 2022 to 2025. The platform had a Thai-language website, displayed prices in Thai baht, and solicited users through Thai-language social media. The SEC has filed a criminal complaint with the Economic Crime Suppression Division, also naming an individual suspected of helping promote the platform. It has also notified Thailand’s Ministry of Digital Economy and Society to block access to the platform’s website, other domains, and app starting December 5, 2026.
To be precise: filing a complaint does not mean anyone has been found guilty. The matter still has to go through an investigation, prosecution, and court ruling.
The SEC’s advice to users is practical: consider dealing with assets on the platform before access is blocked. Unlicensed operators are not protected by law. You can check the list of licensed operators on the SEC website or in the SEC Check First app.
Wherever you are, checking whether a platform is licensed locally before using it is a lot easier than trying to seek recourse afterward.
#泰国 #合规 #CheckLicenses
Thailand’s Securities and Exchange Commission (SEC), in press release No. 241/2026 dated November 5, said that BG Limited, the operator of Bitget, had run an unlicensed digital asset exchange from 2022 to 2025. The platform had a Thai-language website, displayed prices in Thai baht, and solicited users through Thai-language social media. The SEC has filed a criminal complaint with the Economic Crime Suppression Division, also naming an individual suspected of helping promote the platform. It has also notified Thailand’s Ministry of Digital Economy and Society to block access to the platform’s website, other domains, and app starting December 5, 2026.
To be precise: filing a complaint does not mean anyone has been found guilty. The matter still has to go through an investigation, prosecution, and court ruling.
The SEC’s advice to users is practical: consider dealing with assets on the platform before access is blocked. Unlicensed operators are not protected by law. You can check the list of licensed operators on the SEC website or in the SEC Check First app.
Wherever you are, checking whether a platform is licensed locally before using it is a lot easier than trying to seek recourse afterward.
#泰国 #合规 #CheckLicenses
