Thailand moves to block Bitget as crypto exchange’s local acquisition faces uncertainty
Summary
Thailand's securities regulator has initiated criminal proceedings against the operator of the Bitget cryptocurrency exchange. Authorities allege the platform operated without the proper license for local users over a multi-year period. This regulatory action coincides with uncertainty surrounding a planned acquisition involving the platform within the country.
Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exchange for Thai users from 2022 to 2025.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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