Thailand Raids Target Worldcoin: Sparks Licensing Debate in Crypto Space

Thai authorities have taken action against Worldcoin operations, conducting simultaneous raids across the country on several iris scanning sites. This move underscores growing regulatory scrutiny within the virtual asset industry. The joint operation by the Securities and Exchange Commission (SEC) and Cyber Crime Investigation Bureau (CCIB) has targeted numerous Worldcoin locations suspected of operating without proper authorization. These raids highlight a significant concern regarding compliance with local virtual asset laws, as Worldcoin’s approach to human uniqueness verification raises questions about regulatory clarity.