Thailand Sets Dec. 5 Bitget Block as Local Exchange Deal Awaits Approval

The sequencing here is the story: Thailand is cutting off Bitget's access before the acquisition meant to give it a local foothold clears approval, leaving the exchange's Thai ambitions exposed to a regulatory calendar it does not control. GMO Internet's decision to push the share transfer to Nov. 30 underscores how procedural steps, not commercial terms, now set the pace. The parties most affected are Bitget's existing Thai users, who face a service gap regardless of the deal's fate, and GMO, which carries the transaction risk. Whether the block and the approval process stay on separate tracks is the open question.