Thailand Targets Crypto Exchange Bitget With Criminal Complaint, Imminent Ban

Thailand’s securities regulator has filed a criminal complaint against the operator of the crypto exchange Bitget for running an unlicensed digital asset business, with plans to ban access within the country in December. Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against cryptocurrency exchange Bitget and a local promoter for allegedly operating and facilitating an unlicensed digital asset trading business. The move by the regulator came just weeks after Bitget revealed plans to acquire a licensed Thai crypto exchange. According to the SEC, the complaint was filed with the Economic Crime Suppression Division against BG Limited, the operator of Bitget, and Kritsana Kritsananuwat, an individual accused of promoting the exchange’s services to Thai investors.

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