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Thailand SEC files criminal complaint against Bitget operator BG Limited

Thailand's financial regulator filed a criminal complaint against Bitget's operating entity for running an unlicensed digital-asset exchange and requested a local access block by Dec. 5.

FTMQ Crypto, written by our newsroom0 views

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Picture: Bitcoin Magazine Markets

Thailand's Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of the cryptocurrency exchange Bitget, for allegedly running an unlicensed exchange for Thai users from 2022 to 2025. Bitcoin Magazine Markets and CoinDesk both reported that the complaint was lodged with the Economic Crime Suppression Division. The regulator has also notified the Thai government to block access to Bitget's platform and application from Dec. 5. [1][2][4][5]

Bitcoin Magazine Markets reported that the criminal complaint filed by the regulator also names Kritsana Kritsananuwat as an alleged suspect in the case. [1]

The enforcement action puts Bitget's local market plans under scrutiny. CoinDesk and Bitcoin Magazine Markets both reported that the regulatory action creates uncertainty for the exchange's acquisition efforts in Thailand, including a potential deal involving GMO-Z. [1][2]

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In short

  • Thailand's SEC filed a criminal complaint against Bitget operator BG Limited for unlicensed trading from 2022 to 2025.
  • The SEC lodged the complaint with the Economic Crime Suppression Division and named Kritsana Kritsananuwat as an alleged suspect.
  • Thai authorities were requested to block access to Bitget's website and application starting Dec. 5.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access BlockBitcoin Magazine Markets, 7h ago (the report this story comes from)
  2. [2]Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertaintyCoinDesk Tech Security, 10h ago
  3. [3]Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access BlockBitcoin Magazine, 7h ago
  4. [4]Thailand SEC Files Criminal Complaint Against Bitget Over Unlicensed Exchange Operations, to Block Access From Dec. 5bloomingbit, 6h ago
  5. [5]Thailand to Cut Off Bitget Access on Dec. 5 as SEC Files Criminal Complaint Over Unlicensed TradingBigGo Finance, 13h ago
  6. [6]Thai SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 BlockCoinMarketCap, 1d ago
  7. [7]Thai SEC files complaint over Bitget's unlicensed operationsgrafa.com, 1d ago

Background

  1. [8]Legal affairs of Elon Musk on Wikipedia
  2. [9]Juventus FC on Wikipedia
  3. [10]Countries blocking access to The Pirate Bay on Wikipedia
  4. [11]Utah files criminal gambling charges against prediction platform Kalshi FTMQ Crypto, 5d ago

Our newsroom writes these reports with the help of software, from the 11 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Related from FTMQ Crypto

Earlier reports of ours on the same people and subjects.

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