Thailand Raids Unlicensed WLD Token Exchanges at Worldcoin Sites
Thailand’s Securities and Exchange Commission (SEC) and Cyber Crime Investigation Bureau (CCIB) raided a Worldcoin-linked iris-scan site for offering unlicensed WLD token exchange services. Authorities arrested staff for violating digital asset laws. The facility issued digital credentials via iris scans and distributed WLD tokens without SEC approval.
Worldcoin, backed by OpenAI CEO Sam Altman, operates over 100 “orb” stations in Thailand. It says it only issues WLD tokens where legal and does not oversee third-party trading. The raid follows global probes in Germany, Kenya and Brazil into its biometric crypto model and highlights tightening crypto regulation and digital asset compliance.
Recent Worldcoin partnership with Polymarket expands WLD token utility into prediction markets. Traders should monitor these regulatory developments. Enforcement actions may affect WLD token liquidity and market sentiment.
Bearish
This news reveals intensified regulatory pressure on WLD token exchanges in Thailand, likely reducing liquidity and weighing on market sentiment in the short term. Traders may react to compliance risks with sell-side pressure. Over the long term, if Worldcoin secures proper licenses and strengthens compliance, confidence could recover. However, until clear regulatory approval is achieved, uncertainty will persist.