Satoshi

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World, formerly known as Worldcoin, is facing new issues in Thailand, with local authorities raiding an iris scanning location allegedly connected to the platform.
Thailand’s Securities and Exchange Commission (SEC) conducted a joint operation with the Cyber Crime Investigation Bureau (CCIB) to raid an iris scanning location related to “WLD exchange services,” the SEC <a href="https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=12162" rel="noopener noreferrer nofollow" target="_blank">announced</a> Friday.
World’s WLD (<a href="/worldcoin-wld-price-index" rel="noopener noreferrer">WLD</a>) token is the project’s native cryptocurrency, distributed to eligible World ID users in exchange for verification through iris scanning at World’s orb locations. The digital identity project is co-founded by OpenAI CEO Sam Altman.
<a href="https://world.org/find-orb?country=TH" rel="noopener noreferrer nofollow" target="_blank">According</a> to data from World, the platform operates 102 orb locations in Thailand.
<h2 id="operating-without-license">Operating without license</h2>
The SEC and CCIB said they found that the WLD exchange service provider potentially breached local digital asset laws by operating without a license.
“The investigator has arrested suspects for committing the offense, subject to further relevant law enforcement proceedings,” the announcement noted.
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 <img alt="Thailand, Identity, Crimes, OpenAI, Companies, Policy" src="https://s3.cointelegraph.com/uploads/2025-10/019a15f6-e72b-7522-af7e-c7ef97bb22a8" title="">
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 Source: <a href="https://x.com/ThaiSEC_News/status/1981659652795531382" rel="noopener noreferrer nofollow" target="_blank">Thai SEC</a>
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<a href="https://world.org/worldcoin-token" rel="noopener noreferrer nofollow" target="_blank">According</a> to World, the platform only distributes WLD tokens in exchange for verification in jurisdictions “where laws allow.”
“Eligibility for WLD tokens is restricted based on geography, age, and other factors,” World states on its website, adding that the company is not responsible for the availability of WLD on third-party platforms, including centralized or decentralized exchanges.
Cointelegraph approached World’s developer, Tools of Humanity, for comment regarding the raid, but had not received a response by publication.
Since its <a href="https://cointelegraph.com/news/worldcoin-launches-token-to-distinguish-humans-from-bots" rel="noopener noreferrer nofollow" target="_self">launch in July 2023</a>, World has encountered multiple issues with other regulators around the world.
In May, Indonesia’s Digital Ministry said it was <a href="https://cointelegraph.com/news/indonesia-suspend-world-id-registration-rule-violation" rel="noopener noreferrer nofollow" target="_self">probing World’s local operators</a>, alleging suspicious activity and registration violations. The platform subsequently paused its verification services voluntarily while seeking clarification on the terms of relevant licenses and permits.
Other governments like Germany, Kenya and Brazil had also previously <a href="https://cointelegraph.com/news/brazil-bans-worldcoin-giving-crypto-eye-scans" rel="noopener noreferrer nofollow" target="_self">expressed concerns over potential risks</a> to the security of World App users’ biometric data.
Magazine: <a href="https://cointelegraph.com/magazine/benjamin-wallace-mysterious-mr-nakamoto-review/" rel="noopener noreferrer nofollow" target="_self">Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin</a>

Thai regulators raid alleged World iris scanning site, arrest multiple suspects

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