Thailand: Securities and Exchange Commission issued order against Worldcoin exchange services for operating digital asset business without license

On 24 October 2025, Thailand’s Securities and Exchange Commission (SEC) and the Cyber Crime Investigation Bureau (CCIB) raided Worldcoin (WLD) exchange services at an iris-scanning site and arrested suspects for operating a digital asset business without a licence, in violation of Section 26 of the Digital Asset Businesses Law. The law requires all digital asset operators to be licensed and follow regulations to prevent scams and money laundering. Unlicensed operation carries penalties under Section 66 of the law, including 2–5 years imprisonment, fines of THB 200,000–500,000 and daily fines up to THB 10,000.