The Thailand Securities and Exchange Commission has instructed digital asset business operators providing services for Worldcoin (WLD) to communicate clearly with clients and act primarily with regard for client interests and potential impacts. Operators may continue providing WLD coin trading and exchange services, but are expected to provide clear communications through multiple channels, including displaying trading alerts about WLD coins on their platforms. The update follows an order by the Office of the Personal Data Protection Committee requiring service providers and entities involved in iris data collection to suspend or cease iris scanning immediately and delete or destroy iris and related personal data already collected, and prohibiting improper use of such data. The Ministry of Digital Economy and Society noted that WLD coins have been traded globally before the launch of iris scanning in Thailand, and the PDPC order applies only to iris scanning activities. The SEC also advised investors to research and follow updates from government agencies and digital asset operators, and to exercise caution when using unlicensed digital asset operators due to the absence of legal protection and exposure to scam and money laundering risks; lists of licensed operators and investor alerts are available through SEC channels.

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