Thailand to Block Bitget on December 5 Over Alleged Unlicensed Crypto Trading

Thailand has announced plans to block cryptocurrency exchange Bitget starting December 5, 2026, following allegations that the platform operated without regulatory authorization. The country’s Securities and Exchange Commission (SEC) confirmed the enforcement action on November 5. Authorities have also filed a criminal complaint against BG Limited, the company operating Bitget, over suspected violations of Thailand’s digital asset laws.

The planned restrictions will affect Bitget’s website, associated domains, and mobile application. Meanwhile, regulators have urged Thai investors to review their cryptocurrency holdings and take appropriate action before the deadline to avoid potential access disruptions.

Thailand SEC Accuses Bitget of Unlicensed Operations

According to the Thai SEC, Bitget allegedly provided cryptocurrency exchange services to local customers between 2022 and 2025 without obtaining the required license. Investigators found that the platform facilitated digital asset transactions, collected trading fees, and promoted its services to Thai investors.

The regulator highlighted Bitget’s Thai-language website, which displayed cryptocurrency prices in Thai baht. Authorities also identified promotional campaigns across social media platforms targeting local users. These activities allegedly violated licensing requirements established under Thailand’s 2018 digital asset legislation.

The SEC submitted its criminal complaint to the Economic Crime Suppression Division for further investigation. Authorities also named Kritsana Kritsananuwat, alleging that he helped promote Bitget through Facebook and YouTube.

Bitget Users Face December 5 Deadline

Thailand’s Ministry of Digital Economy and Society has received instructions to restrict access to Bitget beginning December 5. The action follows regulatory measures introduced in 2025 to strengthen oversight of unauthorized cryptocurrency trading platforms.

Investors holding assets on Bitget have been encouraged to make necessary arrangements before the restrictions take effect. However, the announcement does not indicate that customer assets will automatically be liquidated or that users must sell their cryptocurrency holdings.

Bitget’s Thailand Expansion Faces Regulatory Uncertainty

The enforcement action comes shortly after Bitget announced plans to acquire GMO-Z.com Cryptonomics, an existing licensed cryptocurrency business in Thailand. The proposed acquisition, announced in October, remains subject to regulatory approval.

The situation highlights Thailand’s increasingly strict approach toward offshore cryptocurrency exchanges serving domestic investors. While the country continues developing its regulated digital asset market, authorities are emphasizing licensing compliance and investor protection.