Coinidol Thailand SEC Files Complaint Against Bitget for Unlicensed Operations
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- •Thailand's SEC has filed a criminal complaint against Bitget for unlicensed operations.
- •Access to Bitget will be blocked nationwide starting December 5, 2026.
- •Users are advised to withdraw their funds before the access cutoff.
The Thailand Securities and Exchange Commission (SEC) has filed a criminal complaint against BG Limited, the operator of the cryptocurrency exchange Bitget, for allegedly facilitating unlicensed crypto trading from 2022 to 2025. The SEC plans to block access to Bitget's website and mobile app starting December 5, 2026, following an investigation that revealed the platform charged fees to local users without necessary permits. The SEC's actions include notifying the Ministry of Digital Economy and Society to enforce the access block and advising users to withdraw their funds before the deadline. The complaint was submitted to Thailand’s Economic Crime Suppression Division for further investigation. This regulatory move reflects a broader crackdown on unauthorized offshore crypto platforms in Southeast Asia, emphasizing the region's strict stance on compliance with digital asset laws.
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