Bitget plans to acquire a Thai digital asset exchange despite restrictions on serving local users

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Bitget plans to acquire Thai digital asset exchange operator GMO-Z.com Cryptonomics to establish a local operating structure. The transaction is expected to close by the end of the month, subject to regulatory approval; Bitget has not said whether the acquisition will change its restriction listing Thailand as a jurisdiction where it is prohibited from providing services. The plan comes weeks after Bitget disclosed a security incident involving approximately $388 million, with the company saying customer account balances were unaffected.