After news emerged that the SEC filed charges against affiliated companies and executives for jointly operating a digital asset exchange without authorization, Bitazza Thailand issued a statement confirming customer assets are secure and clarified that the two companies operate separately. Meanwhile, the SEC plans to block the Bitazza Global platform on 22 Mar 2026 GMT+7.
Bitazza Thailand Co., Ltd. issued a public statement clarifying that it continues to operate normally and that all customer assets remain secure. This follows the Securities and Exchange Commission (SEC) filing charges against Bitazza International Limited (Bitazza Global), Bitazza, and two executives with the Economic Crime Suppression Division (ECD) for jointly operating a digital asset exchange business without a license.
Bitazza Thailand explained that it is a legal entity registered in Thailand, licensed to operate as a digital asset brokerage by the Ministry of Finance, and is lawfully regulated by the SEC. The company emphasized that although Bitazza Thailand and Bitazza Global belong to the same corporate group, their management, systems, services, and communications have now been clearly separated. Regarding regulatory concerns, the company has also addressed and corrected the issues raised.
. The SEC stated that investigations found Bitazza Global operates a platform for trading and exchanging digital assets while charging fees, with Bitazza advertising and encouraging public use through Thai-language social media. As of 25 May 2023 GMT+7, Bitazza provided direct access to Bitazza Global via Bitazza’s website and app without requiring new identity verification, and also offered key system services to Bitazza Global.
Furthermore, the SEC filed charges against former CEO Kawin Pongpanddecha and current CEO Thanawat Sutantiworakun of Bitazza, holding them responsible for company operations during the period in question, with the Economic Crime Suppression Division for further legal action.
Beyond criminal charges, the SEC forwarded the bitazza.com website information to the Ministry of Digital Economy and Society to block access to the platform, effective from 22 Mar 2026 GMT+7, under the authority of the Prevention and Suppression of Technology-Related Crimes Act (No. 2) B.E. 2568 (2025 CE).
The SEC advises investors holding assets on the Bitazza Global platform to manage their assets accordingly before the blocking date. It also warns investors to exercise caution when dealing with unauthorized operators, as such services are not protected by law and carry risks of fraud or involvement in money laundering. Investors can verify licensed operators at sec.or.th or via the SEC Check First application.