Thailand's Securities and Exchange Commission (SEC) filed a criminal complaint against the operator of the Bitget cryptocurrency exchange and announced that access to Bitget's website and mobile application will be blocked beginning Dec 5, 2026.
The SEC's action represents a direct legal measure against a foreign exchange platform operating in the Thai market, following a pattern of heightened scrutiny of digital‑asset services that lack proper licensing or compliance with local regulations.
By moving to block both the web portal and the mobile app, the regulator aims to prevent Thai residents from accessing Bitget's services, effectively cutting off the exchange's ability to attract new users or retain existing ones within the jurisdiction.
The development matters because it underscores the SEC's willingness to use criminal proceedings and technical blocking to enforce compliance, which could deter other unlicensed exchanges from targeting Thai investors and may prompt a broader review of cross‑border crypto service providers.
Market participants will watch for any subsequent enforcement actions against other exchanges in Thailand, as well as any official guidance from the SEC on licensing requirements for foreign crypto platforms seeking to operate in the country.
This story was compiled by the Tradexus News Desk with the help of AI.
