Thailand Launches Raid on Unauthorized Biometric Crypto Transactions Involving Iris Scans

Bitget App

Trade smarter

Bitget

News

Markets

Thailand Launches Raid on Unauthorized Biometric Crypto Transactions Involving Iris Scans

Bitget-RWA2025/10/24 12:50

By:Bitget-RWA

- Thailand's SEC and CCIB raided a Worldcoin iris scanning facility on October 24, 2025, investigating unlicensed WLD token distribution through biometric verification. - Authorities examine if exchanging tokens for iris scans violates Thailand's digital asset laws, with 102 scanning sites under scrutiny. - Worldcoin claims compliance in eligible regions but faces global scrutiny over biometric data security in Indonesia, Germany, Kenya, and Brazil. - Thai regulators arrested suspects, emphasizing strict e

On October 24, 2025, Thailand's Securities and Exchange Commission (SEC) collaborated with the Cyber Crime Investigation Bureau (CCIB) to carry out a coordinated raid on an

iris

scanning center associated with World, the digital identity initiative led by OpenAI CEO Sam Altman (previously known as Worldcoin). Authorities targeted the site over suspicions of unauthorized distribution of

WLD

tokens—the platform’s native cryptocurrency—via biometric verification centers,

as reported by Coinotag

. With 102 such scanning facilities active across Thailand, the project is under increased regulatory examination as officials assess whether exchanging tokens for iris scans breaches local digital asset regulations,

according to a Lookonchain update

This operation highlights the mounting regulatory hurdles for ventures merging blockchain technology with biometric identification. World’s system employs orb devices to authenticate users through iris scans and allocates WLD tokens in regions where it asserts compliance with local laws,

Cointelegraph reported

. Nevertheless, Thai authorities contend that the service lacks the required licenses and may be in violation of national digital asset statutes. The SEC has confirmed the apprehension of individuals involved in the unauthorized token exchange, demonstrating a strict approach to regulatory enforcement.

Thailand Launches Raid on Unauthorized Biometric Crypto Transactions Involving Iris Scans image 0

Worldcoin asserts that its token distribution is limited to areas "where laws allow," with requirements based on location and age,

according to CryptoView

. The company distances itself from responsibility for secondary trading of WLD tokens, yet faces scrutiny over the scope of its operations. Tools for Humanity, the organization behind the project, has not addressed questions regarding the raid, leaving its legal position unclear, as Cointelegraph noted.

This event reflects a wider trend of regulatory action against

Worldcoin

. In May 2023, the project suspended activities in Indonesia amid licensing probes, and authorities in Germany, Kenya, and Brazil have also expressed concerns about biometric data protection, CryptoView reported. The Thai enforcement adds to a series of global interventions, underscoring the legal complexities such projects must navigate.

For cryptocurrency participants, the incident serves as a reminder of the dangers tied to unregulated digital asset dealings. Regulators emphasize the necessity of adhering to legal standards to safeguard consumers and uphold market stability. As Thailand’s SEC pursues its investigation, the results may influence future regulatory approaches to biometric-based crypto initiatives in Southeast Asia and elsewhere, Coinotag reported.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- ZKP, a self-funded decentralized compute network, claims $100M infrastructure to outpace Ethereum and Hyperliquid with immediate utility via hardware-based Proof Pods. - The project secured $17M in pre-orders for plug-and-play Pods generating on-chain rewards, contrasting with competitors' phased upgrades and speculative models. - Rising institutional interest in privacy coins like Zcash (ZEC) highlights shifting capital toward privacy-focused assets as ZKP bridges AI and blockchain with transparent earn

Bitget-RWA•2025/11/13 22:40

Hyperliquid News Today: ZKP Leads Crypto’s Transformation from Speculative Trading to Efficient, Privacy-Focused Computing

ZKP Disrupts Traditional Crypto Standards Through Open Auctions

- ZKP introduces a crypto presale model using daily on-chain auctions to eliminate insider advantages and prioritize market-driven price discovery. - The project allocates 200 million tokens daily via proportional contributions, with a $50,000 cap to prevent market manipulation by large investors. - Unlike traditional presales, ZKP has no private allocations, team unlocks, or venture capital deals, ensuring equal access for all participants. - Custom Proof Pods validate cryptographic proofs and earn reward

Bitget-RWA•2025/11/13 22:40

ZKP Disrupts Traditional Crypto Standards Through Open Auctions

Bitcoin News Update: Cash App Connects Users to Global Finance Using Bitcoin and Stablecoins

- Cash App, operated by Block Inc. , introduces Bitcoin Lightning Network and stablecoin payments, aiming to boost mainstream adoption of digital assets for everyday transactions. - The updates enable 58 million users to send/receive Bitcoin instantly and low-cost, while merchants can accept BTC in multiple formats without fees until 2027. - Stablecoin support via Solana’s USDC aligns with the GENIUS Act, enhancing fast, dollar-pegged transactions and regulatory clarity for merchants and consumers. - Block

Bitget-RWA•2025/11/13 22:40

Bitcoin News Update: Cash App Connects Users to Global Finance Using Bitcoin and Stablecoins

ALGO Drops 5.28% in 24 Hours Following Passkey Breakthrough and Market Volatility

- Algorand's ALGO token fell -5.28% in 24 hours on Nov 13, 2025, amid broader crypto market volatility and macroeconomic concerns. - The Algorand Foundation launched Liquid Auth, a decentralized passkey manager integrated with Pera Wallet, promoting self-custody and privacy in Web3 identity management. - Despite technological innovation, ALGO's multi-timeframe declines (-51.24% in 1 year) highlight liquidity risks and bearish momentum as traders react to market conditions. - Technical analysis shows ALGO b

Bitget-RWA•2025/11/13 22:22