The Thailand Securities and Exchange Commission, working with the Cyber Crime Investigation Bureau, raided Worldcoin (WLD) exchange services at an iris scanning location and arrested suspects for allegedly operating an unlicensed digital asset business, citing risks of scams and money laundering. The authorities identified the exchange service provider as potentially falling within the definition of a digital asset business under Section 3 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) and operating without a licence in contravention of Section 26, with penalties under Section 66. The SEC referenced its earlier public warning about exchanging WLD coins with unlicensed operators, reiterated that unlicensed services do not provide legal protection to users, and stated it will continue monitoring digital asset-related services and promotional activities and pursue legal action where violations are found.
Thailand Securities & Exchange Commission 2025-10-24
Thailand Securities and Exchange Commission and Cyber Crime Investigation Bureau raid Worldcoin exchange service and arrest suspects for unlicensed digital asset business
The Thailand Securities and Exchange Commission, with the Cyber Crime Investigation Bureau, raided Worldcoin (WLD) for allegedly operating an unlicensed digital asset business. The SEC cited potential violations of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) and reiterated the lack of legal protection for users of unlicensed services. The SEC will continue to monitor digital asset services and take legal action against violations.