Thailand SEC reports Bitget for unlicensed operation, will b
Thailand's SEC reported Bitget operating entity BG Limited to the Economic Crime Suppression Division on November 5 for operating a digital asset business without a license, and notified the Ministry of Digital Economy and Society that it will block Bitget's website, associated domains and applications starting December 5, reminding users to deal with their platform assets before the measure takes effect.
Event Timeline
- [11-05 12:01] Thailand's SEC reports Bitget for unlicensed operations, will block its website and App on December 5 (Wu Shuo)
- [11-05 12:11] Thailand's SEC accuses Bitget of unlicensed operations, plans to block its website and App on December 5 (PANews)
Background and Impact
On November 5, 2026, the Securities and Exchange Commission (SEC) of Thailand announced that it had filed a report with the Economic Crime Suppression Division (ECD) regarding BG Limited, the operating entity of crypto exchange Bitget, accusing it of operating a digital asset trading business in Thailand without obtaining a license. On the same day, the SEC notified the Ministry of Digital Economy and Society (MDES) that access to Bitget would be blocked starting December 5, with the restrictions covering the Bitget website, other associated domains and its mobile application.
The SEC's investigation showed that between 2022 and 2025, Bitget provided a digital asset trading system and collected fees, ran a Thai-language website, supported Thai baht pricing, and promoted itself to Thai users through social media channels such as "Bitget Thailand." The SEC determined that the above actions violated the Emergency Decree on Digital Asset Businesses and constituted unlicensed operation. Source 1 also mentioned that a local individual who helped promote Bitget was also reported.
The two sources differ in their descriptions of the legal action: Source 1 says the SEC "reported" BG Limited, while Source 2 says the SEC has "filed criminal charges" against it; the section about the individual who helped promote being reported appears only in Source 1. Neither set of materials includes a response from Bitget, nor does either disclose the timetable for subsequent ECD proceedings.
The impact on users mainly centers on access and assets. The SEC reminded Bitget users to properly handle assets within the platform before the block takes effect, and warned the public to avoid using unlicensed digital asset service providers. December 5 is the clear effective date, after which access to Bitget's website and App from within Thailand will be blocked. For users who need to know about entry points to other platforms, information such as Huobi HTX registration APP download, Zhima Gate.io registration APP download, Bitget registration APP download, Binance registration APP download, and OKX registration APP download should be based on each platform's official channels, and availability should be judged in light of local compliance requirements.
Frequently Asked Questions
### Which access methods does this block target?
According to the SEC notice, the restrictions cover the Bitget website, other associated domains and the mobile application, effective from December 5; the materials do not state whether other entities or services are involved.
### I still have assets on Bitget. When do I need to deal with them?
The SEC's notice is to properly handle assets within the platform before the block takes effect on December 5. The materials do not disclose specific withdrawal arrangements or transition plans, and users need to follow the platform's subsequent announcements themselves.
### What other key milestones are worth watching?
The short-term milestone is the access block taking effect on December 5; in the medium term, watch the progress of the Economic Crime Suppression Division's (ECD) criminal proceedings against BG Limited. Neither set of materials provides a timetable.