Worldcoin Encounters Fresh Regulatory Challenges as Thai Officials Conduct Raid on Iris-Scanning Location
Sam Altman’s Worldcoin initiative is facing significant regulatory scrutiny once more, this time in Thailand, where the national Securities and Exchange Commission (SEC), in strategic alliance with the Cyber Crime Investigation Bureau (CCIB), conducted a raid on a Worldcoin-associated iris scanning facility in Bangkok. So, what implications does this have for WLD price movements?
Authorities claim the location was providing unlicensed digital asset exchange services related to the project’s WLD crypto token, breaching Thailand’s Emergency Decree on Digital Asset Businesses B.E. 2561.
Per the SEC’s official announcement, investigators found the site offering “WLD exchange services” without the necessary license, resulting in arrests under Section 26 of the decree, with penalties enforceable under Section 66.
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The agency refrained from specifying how many individuals were apprehended or what equipment was collected.
However, the message was clear: the distribution of biometric-linked tokens is now firmly under digital asset regulation, and Thailand is ready to enforce it.
This raid is notable as Thailand represents one of Worldcoin’s largest operational territories, with 102 active Orb verification sites, exceeding any other market in Southeast Asia.
The initiative issues WLD tokens to users who consent to iris scanning to create what it refers to as a World ID, a biometrically validated digital identity aimed at differentiating humans from AI entities online.
Regulators in Thailand assert that the core issue is not identity verification itself, but rather the effectively unlicensed distribution and trading protocol of tokens conducted locally via third-party providers.
In contrast to procedures in the U.S. or Europe, where investigations follow lengthy protocols, enforcement actions in Thailand are typically swift.
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Worldcoin Raid Revives Troubling Memories for Sam Altman: Kenya Criticizes “Coercive” Worldcoin
This incident is part of a larger trend. Since its launch in 2023, Worldcoin has encountered suspensions, investigations, or outright bans in Kenya, Brazil, Spain, Portugal, Germany, and Hong Kong, with authorities repeatedly scrutinizing consent practices and the governance of biometric data.
In Kenya, courts even mandated the deletion of previously gathered iris data, labeling the project’s financial incentives for participants as “coercive.”
Worldcoin maintains that it only engages in markets where such activities are legally permissible.
Thailand’s recent raid adds another dimension of geopolitical risk to the project, prompting inquiries concerning not only the WLD crypto token distribution, but also the long-term viability of a biometric-centric crypto identity system functioning within diverse regulatory frameworks driven by financial incentives.
With increasing pressure, investors are pondering the inevitable question: how is the market responding, and where will WLD price action head from this point?
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WLD Price Evaluation: Thai Raid Does Not Affect Worldcoin Price – Is $1 Within Reach For October’s Closing?
The price of Worldcoin remains relatively unchanged, despite several months of a bull trading market and some erratic price swings. WLD is trading approximately where it stood in April, June, and August 2025, currently at a trading market price of $0.83 (indicating a 24-hour change of +3.48%).
With price movements showing minimal response to the police raid in Thailand, WLD continues to solidify above the lower trendline price floor at $0.8, following the steep decline to $0.26 on October 10.
(Source – TradingView, WLD USDT)
As the base level appears to remain steady here, WLD traders await the 20DMA (at $0.99) to reach manageable levels before attempting any breakout, with the moving average serving as the initial immediate hurdle for any pump.
While the trading channel for WLD indicates that upward movement is possible, the overall weak sentiment in the crypto asset crypto market jeopardizes the WLD price structure as long as buyers do not drive it upward.
Looking at Worldcoin’s RSI indicator, a low reading of 38 signifies considerable upside potential on the chart, with $1 positioned as an immediate psychological target if the 20-day moving average (DMA) turns to support in the forthcoming days.
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The article Worldcoin Faces New Regulatory Pressure as Thai Authorities Raid Iris-Scanning Site appeared first on 99Bitcoins.
