Thailand Securities & Exchange Commission issued a public warning urging users to verify that digital asset business operators are properly licensed before using their services, citing activity around WLD tokens distributed via airdrop through the World App. The SEC observed that World App users can receive WLD tokens after registering and completing a “Proof of Human” process using an Orb iris-scanning device, and that several digital asset business operators are servicing these coins. It reiterated that any operator providing WLD-related services must comply with rules on providing digital asset services and promoting those services, and must not violate laws or support illegal activities, with legal enforcement action to follow where breaches are found. The SEC also flagged that exchanging digital assets in a way that constitutes operating a digital asset business under Section 3 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) without the licence required under Section 26 may trigger penalties under Section 66. Investors were cautioned that using unlicensed providers not regulated by the SEC may leave them without legal protection and exposed to scam and money laundering risks. The SEC directed the public to check licensed operators via its website and the “SEC Check First” application, and to consult its Investor Alert list for unauthorised entities.
Thailand Securities & Exchange Commission 2025-10-14
Thailand Securities & Exchange Commission warns on WLD token airdrops and urges investors to use only licensed digital asset operators
The Thailand Securities & Exchange Commission urged users to verify the licensing of digital asset operators, especially for WLD tokens via World App. The SEC stressed compliance with regulations and warned of legal action against violators. Investors should use licensed providers to avoid scams and money laundering, consulting the SEC's resources for verification.