Thai SEC Cracks Down On World’s Unlicensed Operations

According 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 Worlds developer, Tools of Humanity, for comment regarding the raid, but had not received a response by publication.

Since its launch in July 2023, World has encountered multiple issues with other regulators around the world.

In May, Indonesia‘s Digital Ministry said it was probing World’s local operators, 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 expressed concerns over potential risks to the security of World App users biometric data.