Thailand SEC Files Criminal Complaint Against Bitget Operator, Orders Block From Dec 5

Thailand's move escalates enforcement from fines to criminal referral, signaling that offshore exchanges serving Thai-language, baht-denominated interfaces will be treated as operating locally regardless of corporate domicile. The December 5 block deadline creates a concrete cutoff for Thai users, and the complaint against BG Limited raises the question of whether individual officers face exposure. The open question is whether other regulators in the region follow with similar criminal referrals, and whether Bitget complies with the block or attempts to re-enter through a licensed local entity.