Worldcoin Faces New Regulatory Pressure as Thai Authorities Raid Iris-Scanning Site

[Ben Graham]

Sam Altman’s Worldcoin project is once again under heavy regulatory fire, this time in Thailand, where the national Securities and Exchange Commission (SEC), alongside the Cyber Crime Investigation Bureau (CCIB), conducted a raid on a Worldcoin-linked iris scanning hub in Bangkok. But what does this mean for WLD price action?

Officials allege the site was facilitating unlicensed digital asset exchange services tied to the project’s WLD token, a violation of Thailand’s Emergency Decree on Digital Asset Businesses B.E. 2561.

According to the SEC’s public statement, investigators identified the location as offering “WLD exchange services” without an approved license, prompting arrests under Section 26 of the decree, with penalties enforceable under Section 66.

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Is Thai Raid a Turning Point In the Treatment of Biometric Identity Tokens?

The agency stopped short of specifying how many operators were detained or what equipment was seized.

But the message was unambiguous: biometric-linked token distribution is now falling squarely within the scope of digital asset regulation, and Thailand is prepared to enforce it.

The raid is significant because Thailand is one of Worldcoin’s largest operational regions, with 102 active Orb verification locations, more than any other market in Southeast Asia.

The project distributes WLD tokens to users who agree to iris scanning to create what it calls a World ID, a biometrically verified digital identity intended to distinguish humans from AI agents online.

Thai regulators argue that the problem is not identity verification, it’s the effectively unlicensed token distribution and exchange that occur on the ground through third-party operators.

And unlike in the U.S. or Europe, where investigations move through long procedural channels, Thailand’s enforcement actions tend to be rapid.

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Worldcoin Raid Brings Back Troubled Memories For Sam Altman: Kenya Blasts “Coercive” Worldcoin

This is also not an isolated incident. Since launching in 2023, Worldcoin has faced suspensions, investigations, or outright bans in Kenya, Brazil, Spain, Portugal, Germany, and Hong Kong, with authorities repeatedly questioning consent standards and biometric data governance.

In Kenya, courts went so far as to order the deletion of previously collected iris data, calling the project’s monetary incentives for sign-ups “coercive.”

Worldcoin itself insists it only operates in countries where the law allows.

Thailand’s raid now adds another layer of geopolitical risk to the project, raising questions not only about WLD token distribution, but also the long-term feasibility of a biometric-based crypto identity system operating across fragmented regulatory landscapes under financial incentives.

With pressure mounting, investors are asking the inevitable question: how is the market reacting, and where does WLD price action go from here?

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WLD Price Analysis: Thai Raid Fails to Hit Worldcoin Price – Is $1 On The Cards For October Close?

The Worldcoin price remains largely static, despite months of a bull market and some choppy volatility. WLD price remains roughly where it was in April, June, and August 2025, with WLD currently trading at a market price of $0.83 (representing a 24-hour change of +3.48%).

With price action showing little reaction to the Thai police raid, WLD continues to consolidate above the lower trendline support at $0.8, following the capitulative dip down to $0.26 on October 10.

(Source – TradingView, WLD USDT)

As support appears to hold here, WLD traders are awaiting a tumbling 20DMA (at $0.99) to reach attainable levels before attempting any upside push, with the moving average forming the first immediate challenge to any upside move.

While the WLD trading channel suggests that upside is on the table, the broader weak crypto market sentiment threatens the WLD price structure the longer bulls fail to push it to the upside.

Examining Worldcoin’s RSI indicator, a low reading of 38 suggests significant upside potential in the chart, with $1 forming an immediate psychological target if the 20-day moving average (DMA) flips to support in the coming days.

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