Overview
- Thailand’s SEC and the Cyber Crime Investigation Bureau said they raided a location associated with “WLD exchange services” and found evidence of unauthorised activity.
- Suspects were detained, with proceedings to follow under Thailand’s digital-asset regulations that require Ministry of Finance licensing and SEC registration for service providers.
- Authorities focused on services tied to World’s model in which users scan their irises at orb sites to obtain a World ID and receive allocations of the WLD token.
- World states it operates only where legally permitted, restricts token eligibility by geography and age, and does not take responsibility for trading on third-party platforms.
- The Thai action adds to investigations and warnings from regulators in Germany, Kenya, Brazil and Indonesia concerning licensing obligations and biometric data safeguards.