Thailand SEC to Block Bitget Dec. 5 Over Alleged Unlicensed Trading

Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, on Thursday and notified Thailand’s Ministry of Digital Economy and Society to block Bitget’s website, related domains and mobile app from Dec. 5.

The SEC said the ministry can restrict access to unlicensed crypto trading platforms. The planned restriction covers Bitget’s website, other associated domains and its mobile application, the three access categories named in the notice.

The SEC advised users to “take action regarding assets held on the platform before the deadline,” making the timing of the block an immediate operational issue for account holders.

What triggered the enforcement action?

According to the SEC, Bitget offered crypto trading services between 2022 and 2025, charged trading fees and promoted those services through Thai-language websites and social media channels.

The regulator said those activities violated Thailand’s digital asset business licensing requirements. The alleged unlicensed operation covers the 2022-2025 period and includes fee collection and Thai-language promotion, giving the complaint a defined commercial scope.

What changes on Dec. 5?

Thailand’s Ministry of Digital Economy and Society has authority to restrict access to unlicensed crypto trading platforms under a 2025 decree intended to protect investors and combat financial crime.

For Thai users, the concrete consequence is loss of direct access to Bitget’s website, associated domains and app once the restriction begins. The SEC did not specify how users should handle assets beyond advising them to act before the deadline. For account holders, the warning therefore points to one immediate task: address holdings on the platform before access ends.

The access restriction and criminal review run on separate tracks. The first has a fixed date; the second still requires prosecutors to decide whether to bring charges and courts to determine criminal liability.

How the criminal complaint proceeds?

The SEC filed the complaint with Thailand’s Economic Crime Suppression Division for investigation.

Prosecutors will decide whether to bring charges, while courts will determine criminal liability if the case proceeds. The SEC announcement did not settle either question, and it did not announce a final finding against BG Limited.

What remains unresolved?

Bitget did not immediately respond to Cointelegraph’s request for comment, leaving the operator without a public answer to the allegations in the announcement.

The distinction carries different consequences. The ministry can remove access under the 2025 decree without waiting for a criminal verdict, while the Economic Crime Suppression Division investigates whether the conduct should proceed to prosecution. The SEC’s notice therefore gives users a fixed compliance window even though BG Limited’s liability remains undecided.

Three elements define the immediate risk:

• Access: Bitget’s website, associated domains and mobile app face a block from Dec. 5.
• Assets: The SEC advised users to act on holdings before the deadline but gave no specific handling procedure.
• Liability: The Economic Crime Suppression Division will investigate, prosecutors will decide whether to bring charges, and courts will determine criminal liability.

The next fixed enforcement checkpoint is Dec. 5, when the access block takes effect; any criminal resolution of BG Limited’s alleged licensing violations remains subject to prosecutorial and judicial decisions.