The Thailand Securities and Exchange Commission has filed criminal complaints with the Economic Crime Suppression Division against five individuals for allegedly operating a digital asset dealing business without a licence by providing Worldcoin (WLD) trading services. The SEC identified Ms. Sarida Jittaueafuea, Mr. Mongkol Chantarach, Mr. Piyamat Notee, Ms. Natcha Rungkassattra (formerly Ms. Thidarat Rungkassattra) and Ms. Taksaporn Kajornpap as having provided or jointly provided WLD trading services, promoted related information in Thai via social media channels, and held themselves out as offering such services in the normal course of business outside licensed digital asset exchanges. The alleged conduct is treated as a breach of Section 26 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), in conjunction with Section 83 of the Criminal Code as applicable, and is subject to penalties under Section 66 of the Emergency Decree. The case will proceed through investigation, prosecution and court adjudication, with the SEC stating it will monitor progress and cooperate with relevant agencies. The SEC also warned that users of unlicensed digital asset businesses are not protected under the law and may face fraud, scams and potential misuse of funds for money laundering.

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