Thai Regulators Raid Worldcoin’s WLD Exchange Service Points Over Licensing Violations

Thai regulators have renewed focus on the World identity project (Worldcoin) after a raid on an iris-scanning point tied to the WLD Exchange Service. The operation by the Thai SEC and the Cyber Crime Investigation Bureau (CCIB) signals tighter oversight of crypto identity tools.

World contends that WLD token distribution via identity verification occurs only where legally permitted, with eligibility rooted in geography and age. The company also emphasizes it is not responsible for WLD trading on third-party platforms.

Regulators say operating an identity-linked service without a license may breach local digital asset laws. World states its compliance posture while acknowledging licensing complexities, aiming to avoid misinterpretation of its distribution framework.

The presence of 102 iris-scanning points in Thailand underscores ongoing regulatory vigilance over digital identity initiatives and crypto markets across Southeast Asia as policymakers refine cryptocurrency regulation.