Thailand’s Securities and Exchange Commission (SEC) has announced plans to block access to Bitget’s website and mobile app starting from December 5. This action follows a criminal complaint filed against Bitget’s operator for conducting unauthorized crypto trading activities within the country.
Regulatory crackdown intensifies: The SEC’s move is part of Thailand’s increasing efforts to regulate the crypto space and protect investors from unlicensed platforms. Bitget, a popular crypto derivatives exchange, allegedly operated without proper licensing, prompting this decisive action.
Users in Thailand will no longer be able to access Bitget’s services from early December, underlining the importance of compliance with local financial regulations for crypto operators.