Thailand is set to block cryptocurrency exchange Bitget beginning December 5, 2026, following allegations that the platform operated in the country without regulatory authorization. The Thai Securities and Exchange Commission (SEC) confirmed the enforcement action on November 5 and has filed a criminal complaint against BG Limited, the operator of Bitget, over suspected violations of the country's digital asset laws.

The planned restrictions will cover Bitget's website, associated domains, and mobile application. Regulators have urged Thai investors to review their cryptocurrency holdings and take appropriate action before the deadline, which falls roughly one month after the announcement, to avoid potential access disruptions. The SEC published its announcement on its official website.

Allegations 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 pointed to Bitget's Thai-language website, which displayed cryptocurrency prices in Thai baht, as well as promotional campaigns across social media platforms targeting local users. These activities allegedly breached licensing requirements established under Thailand's 2018 digital asset legislation, a framework that was already in force throughout the period of the alleged conduct.

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.

December 5 Deadline for Users

Thailand's Ministry of Digital Economy and Society has received instructions to restrict access to Bitget starting December 5. The measure follows regulatory steps introduced in 2025 to strengthen oversight of unauthorized cryptocurrency trading platforms.

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

Expansion Plans Face Regulatory Uncertainty

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

The case underscores Thailand's increasingly strict approach toward offshore cryptocurrency exchanges serving domestic investors. While the country continues to develop its regulated digital asset market, authorities are placing heightened emphasis on licensing compliance and investor protection. With the block scheduled to take effect on December 5, the implementation of the restrictions and the pending regulatory review of the acquisition are the next developments to track in the case.