Thailand files criminal complaint against Bitget operator, moves toward blocking platform

Thailand's Securities and Exchange Commission (SEC) has filed a criminal complaint against the operator of crypto exchange Bitget. According to the regulator, the company operated a crypto exchange for users in Thailand without the required license from 2022 to 2025.

According to CoinDesk, the headline also says Thailand is moving to block the platform.

Uncertain future of local acquisition

CoinDesk reports that the fate of Bitget's planned local acquisition of the business is unclear amid these actions. The available material provides no details on the deal's status, timing or terms, so its prospects cannot be assessed based on this source.

The story is based only on a preview: the full CoinDesk article and any response from Bitget are not available in the sourced material. The regulator's next steps and the company's position may change.