Thailand to block Bitget access from December 5 following a criminal complaint over unlicensed operations.
Regulation & Gov ·
Thailand's securities regulator has announced a plan to block access to Bitget starting December 5 following a criminal complaint alleging the exchange operates without proper licensing in the country. The action stems from unlicensed cryptocurrency trading activities, marking an escalation in regulatory enforcement against the platform in a key Asian market.
Bitget operates as a centralized exchange headquartered in Seychelles and holds licenses in several jurisdictions including Poland, Lithuania, Canada, and Australia, but does not maintain authorization in the United States. Thailand's move reflects a broader pattern of jurisdictions tightening oversight of offshore exchanges operating within their borders without formal registration or compliance frameworks specific to local law.
The practical scope of the block—whether it will affect all user types equally or target specific services—remains unclear. The timing and enforcement mechanisms Thailand will employ to restrict access have not been detailed, nor has Bitget issued a public response to the regulatory action as of the available reporting.