Thailand SEC files a criminal complaint against Bitget over unlicensed operations and plans to block its website and app from December 5, 2026.

Table of contents
  • Thailand SEC accuses Bitget of offering unlicensed crypto trading services between 2022 and 2025
  • Authorities plan to block Bitget’s website and app from December 5, 2026
  • The complaint also names an individual accused of promoting Bitget’s services

The Securities and Exchange Commission (SEC) of Thailand has taken legal action against crypto exchange Bitget over alleged licensing violations. The regulator has filed a criminal complaint and plans to block the platform from December 5, 2026. The agency has advised users to secure their assets before the restriction takes effect.

Thailand SEC moves to block Bitget

Thailand’s SEC has identified that Bitget has been offering unlicensed cryptocurrency trading services to Thai users between 2022 and 2025. While the exchange allegedly allowed users to trade digital assets, it collected fees from these transfers.

The SEC also highlighted Bitget’s efforts to attract local users. The company had a Thai-language website that displayed crypto prices in Thai baht. The platform also operated several social media accounts targeting Thai customers. For example, the company had an X account called “Bitget Thailand.” It also had a Telegram group named "BGB Thai Holder” and a TikTok account called "bitgetthailand."

According to the SEC, these activities are part of Bitget’s unlicensed crypto business in the country. Any crypto company is required to obtain necessary approval from the regulator before offering services and promoting its business.

Violations Fall Under Thailand’s Crypto Laws

Notably, the SEC stated that Bitget’s activities fall under the definition of a digital asset exchange in Section 3 of the country’s 2018 Emergency Decree on Digital Asset Businesses. The law mandates companies to be registered before offering crypto services in Thailand.

In the latest legal action, the SEC accused the company of violating Section 26 by providing unregistered services. The alleged offense is covered under Section 66 of the same law. The case also involves charges against Kritsana Kritsananuwat over his alleged role in promoting the company’s services. He used the Facebook page "Srisiam" and the YouTube channel "SRISIAM" to promote the crypto exchange. For the SEC, these promotional activities have significantly supported Bitget’s growth in Thailand without proper registration.

Bitget ban in Thailand set for December 5

As noted by the Thai SEC, Thailand crypto users will not be able to access Bitget from December 5, 2026. The restriction will cover the exchange’s main website, related domains, and mobile application. Before December 5, Bitget users in Thailand are required to review their accounts and make suitable arrangements for their holdings.

The move comes as part of the country’s efforts to tighten oversight of unlicensed crypto platforms. As per a 2023 royal decree, regulators can restrict access to digital asset services that operate without regulatory approval.

With the latest move, the agency intends to promote customer protection. They intend to prevent unauthorized platforms from being used for financial purposes. The government has taken similarly strict actions in the past, with five platforms, including Bybit, OKX, and CoinEx, blocked in June 2025.

Nynu V Jamal is a Crypto Journalist at CoinCodex with a background in English Literature and a strong interest in blockchain technology, cryptocurrencies, and digital finance. Holding a Master's degree in English Literature and having qualified for the UGC NET, she combines analytical research with clear, engaging writing to make complex crypto topics accessible to a broad audience. When she's not writing about crypto, she enjoys reading, singing, and exploring creative storytelling.