Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against the operator of Bitget, a cryptocurrency trading platform. According to CoinTelegraph, the regulator will also block access to Bitget’s website and mobile app starting December 5.
This move signals Thailand’s ongoing efforts to tighten control over crypto platforms operating within its jurisdiction, aiming to protect investors and enforce compliance with local laws. The SEC’s complaint and impending access restrictions underline the heightened regulatory scrutiny in Southeast Asia’s crypto markets.
For Japanese investors and traders, this development highlights the increasing regulatory vigilance across Asia, reinforcing the importance of monitoring cross-border crypto platform legitimacy and compliance in an evolving market environment.