According to the SEC, the firm provided digital asset trading and exchange services in Thailand between 2022 and 2025 without obtaining the required license.
Thu 5 Nov 2026 · 08:35 EST · 2 min read
In Regulation
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Thailand’s financial regulator has filed a criminal complaint against Bitget’s operating company, BG Limited, alleging that the crypto exchange provided services in the country without a required digital asset business license.
The complaint also names Kritsana Kritsananuwat, whom the SEC accused of helping promote the exchange. Access to Bitget’s website, other domains and application is scheduled to be blocked from Dec. 5, 2026, following a request to the Ministry of Digital Economy and Society.
The SEC said its investigation found that Bitget facilitated digital asset trading and charged users fees between 2022 and 2025. It also pointed to the platform’s Thai-language website, baht-equivalent price displays and marketing through Thai-language accounts on X, Telegram and TikTok.
The regulator said these activities fell under the definition of a digital asset exchange business and violated licensing requirements under the country’s 2018 Emergency Decree.
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Kritsana allegedly supported the exchange by publicizing its services and promotional campaigns through the Srisiam Facebook page and SRISIAM YouTube channel. The SEC said the case had been referred to the Economic Crime Suppression Division for further legal proceedings, which will involve an investigation, possible prosecution and court adjudication.
The regulator urged Bitget users to review their holdings and take necessary action before the access restrictions take effect. It also warned that investors using unlicensed platforms are not covered by the protections available under Thai digital asset laws.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
