Thailand’s Securities and Exchange Commission has lodged a criminal complaint against BG Limited, operator of the Bitget trading platform, alleging it served Thai customers as a digital-asset exchange without the required authorization. The regulator also announced a planned restriction on access to the platform beginning December 5, 2026.
In its November 5 enforcement announcement, the SEC said investigators examined activity from 2022 through 2025 and referred its findings to Thailand’s Economic Crime Suppression Division. The action is a complaint for investigation, not a court finding of guilt.
Regulator Cites Thai-Language Trading Services
The regulator alleged that BG Limited operated digital-asset trading facilities, charged fees and targeted customers in Thailand. Its description cited a Thai-language website, display of equivalent prices in baht and advertising through online channels.
The SEC also identified marketing on social platforms including an X account identified as Bitget Thailand, a Telegram community and a TikTok account. These details underpin the authority’s argument that the service was directed at the local market rather than merely accessible from abroad.
The regulator said the suspected conduct contravened Section 26 of Thailand’s Digital Asset Business Emergency Decree. It cited Section 66 concerning potential penalties. Legal responsibility remains subject to the investigation and subsequent judicial process.
Promotional Supporter Also Named in Complaint
The complaint additionally names Kritsana Kritsananuwat over allegations that promotional activities through the Srisiam Facebook page and SRISIAM YouTube channel helped publicize Bitget.
The regulator characterized that conduct as potential assistance to an unlicensed business. Naming a promoter does not independently establish that the person knew of or intended any violation; the criminal process must address the relevant evidence and legal requirements.
Thailand’s public enforcement register separately lists the BG Limited complaint as under investigation. It does not list a final judgment.
December 5 Restrictions Could Affect Thai Users
The SEC said it forwarded information about Bitget’s website, other domains and application to the Ministry of Digital Economy and Society for access blocking from December 5.
Users in Thailand could face difficulty accessing the platform once any restriction takes effect. The regulator urged customers to consider the disposition of assets held on the service before that date to avoid disruption.
This is not a claim that Bitget’s global business has been banned or that customer balances have been confiscated. The announced measure concerns Thailand and the access restrictions specified by its authorities.
Complaint Arrives as Bitget Expands Institutional Services
The action comes the same day Bitget outlined an Open Custody Network for institutional trading. That separate business announcement does not resolve the Thai licensing allegations.
Investors should verify licensing through the SEC’s official register and check available account options directly rather than relying on social-media rumors. BlockBriefing has not established a final court ruling or a formal response from Bitget addressing every allegation in the regulator’s notice.
The next significant developments will be any formal prosecution decision, Bitget’s response and confirmation of how the December 5 restriction is implemented. The regulator’s notice makes clear that the case proceeds through investigators, prosecutors and courts; that sequence matters because enforcement announcements are not substitutes for judicial findings. Customers should use official exchange channels and regulator notices to verify operational changes.
