According to the SEC, its investigation identified cryptocurrency trading activities conducted through Bitget between 2022 and 2025. During this period, the platform allegedly facilitated digital asset transactions, collected trading fees, and offered services targeting customers in Thailand.
Investigators also identified a Thai-language website that displayed cryptocurrency values in Thai Baht. The regulator cited promotional activities across social media platforms, including the X account ‘Bitget Thailand’, the Telegram group ‘BGB Thai Holder’, and the TikTok account ‘bitgetthailand’.
The SEC said these activities fell under the definition of operating a digital asset exchange under Section 3 of Thailand’s Emergency Decree on Digital Asset Businesses, enacted in 2018. BG Limited allegedly violated Section 26 of the legislation by operating without a license.
The complaint also names Kritsana Kritsananuwat, who allegedly helped promote Bitget through the Facebook page ‘Srisiam’ and YouTube channel ‘SRISIAM’. The regulator said these promotional activities increased awareness of the platform and encouraged users to access its services.
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