Thailand SEC Sets Bitget Block
Cryptoslate reports that users of the Bitget cryptocurrency exchange in Thailand face an access block scheduled for December 5, 2026. The country’s Securities and Exchange Commission issued a notice urging customers to evaluate their holdings before the restriction takes effect. The regulatory action follows a criminal complaint filed against the platform for alleged unlicensed operations.
The Thai regulator stated that the Ministry of Digital Economy and Society was notified to block bitget.com, related domains, and the exchange mobile application. According to the SEC, BG Limited operated the platform while targeting Thai users between 2022 and 2025 through Thai-language websites, promotional materials, and baht-value displays. The complaint also names an individual accused of promoting the exchange on social media platforms.
The SEC notice does not mandate an asset freeze, compulsory sale, or a separate withdrawal cutoff, leaving customers responsible for managing their funds prior to the deadline. However, official guidance regarding account-specific withdrawal availability for local users remains unconfirmed. Bitget terms already list Thailand among prohibited jurisdictions for service use.
A Bitget spokesperson stated that the exchange is reviewing the announcement and evaluating engagement options with the regulator. The company assured users that funds remain safe and promised further instructions regarding service access through official channels. The Thai SEC continues to direct investors to use its official verification tools to check the licensing status of digital asset operators.
Based on reporting by cryptoslate.com.
