Thailand’s SEC Targets Bitget With Criminal Complaint and Planned Access Block

Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the company identified by Bitcoinist as operating the cryptocurrency exchange Bitget. The regulator alleges that Bitget provided cryptocurrency trading services to customers in Thailand without the required authorization, placing the exchange’s licensing status at the center of the case.

The planned enforcement action would restrict access to Bitget’s website, associated domains and mobile application beginning December 5, 2026. Crypto.news, CoinCodex and Cointelegraph also report that the SEC intends to block the website and app, confirming that the proposed restrictions are the immediate practical consequence of the criminal complaint rather than a licensing dispute alone.

Five outlets agree on the core sequence: a criminal complaint was filed against Bitget’s operator, and access to the exchange’s web and mobile services is set to be restricted from December 5. Bitcoinist, TronWeekly, Crypto.news and CoinCodex date the change to 2026, while Cointelegraph’s summary states only December 5. No outlet supplies a contradictory date or challenges the allegation.

TronWeekly provides additional timing, reporting that the alleged unauthorized cryptocurrency trading took place between 2022 and 2025. The same outlet says Thai users have been advised to review their holdings and that the enforcement action followed Bitget’s announcement of plans to acquire a licensed Thai exchange. The other outlets do not provide details about the acquisition or a separate holding-related advisory.

The broader crypto market was broadly lower when the report was prepared. Total market capitalization stood at $2.61 trillion, Bitcoin was down 6.04% over 24 hours, and the Fear & Greed index registered 50, corresponding to a neutral reading. No specific coin was named as directly involved in the Thai regulatory action, so those figures provide general market context rather than a Bitget-specific price reaction.

The filing raises the operational stakes for Thai exchange users because the planned restrictions target both web and app access. The next points to watch are the implementation of the December 5 block and whether the announced acquisition of a licensed Thai exchange affects the group’s available services in the country; the supplied coverage does not establish how regulators or Bitget will resolve those issues.