Authorities in Thailand have arrested suspects linked to an unlicensed Worldcoin trade in Bangkok following a joint raid by the Securities and Change Fee (SEC) and the Cyber Crime Investigation Bureau (CCIB) at an iris scanning website.
The operation on 24 October 2025 focused Worldcoin (WLD) trade providers suspected of working with out a license.
SEC Deputy Secretary-Basic Jomkwan Kongsakul stated,
“This collaboration will improve the effectiveness of regulation enforcement in prosecuting and suppressing unlicensed digital asset companies, whereas defending customers from lack of authorized safety and mitigating dangers of scams and cash laundering.”
The SEC earlier warned the general public in opposition to exchanging WLD cash by unlicensed operators and urged customers to confirm whether or not suppliers are registered.
It stated it continues to watch digital asset providers and promotional actions for compliance, stressing that operators should not interact in or help criminal activity.
Traders are suggested to make use of solely licensed platforms listed on the SEC web site and the “SEC Test First” app.
Reviews of suspicious exercise could be made through the SEC Grievance Heart hotline 1207, its Fb web page, or dwell chat on the SEC web site.
Underneath Part 66 of the Digital Asset Companies Regulation, working with out a license carries two to 5 years in jail, fines of 200,000 to 500,000 baht, and a every day nice of as much as 10,000 baht for continued violations.
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by EyeEm through Freepik
