Thailand Targets Crypto Exchange Bitget With Criminal Complaint, Imminent Ban

Thailand’s SEC filed a criminal complaint against Bitget’s operator for running an unlicensed digital asset business and plans to block domestic access to the exchange in December. The action escalates the regulator’s push to bring offshore trading venues under local licensing rules. Bitget is one of the larger offshore exchanges by volume, so the ban could cut Thai traders off from its spot and derivatives markets. Watch whether Bitget pursues a Thai license or a local partnership before the December cutoff, and whether other offshore platforms face similar complaints.