OpenAI's digital identity initiative, World, is facing regulatory scrutiny in Thailand as local authorities investigate potential violations of digital asset regulations. The Thai Securities and Exchange Commission (SEC) and the Cybercrime Investigation Bureau (CCIB) conducted raids on facilities associated with the project's iris-scanning technology, focusing on locations linked to the 'WLD trading service.'
The SEC expressed concerns that these services might be operating without the necessary licenses, potentially breaching local laws. World maintains that it issues WLD tokens only in jurisdictions where such activities are legally permitted, based on criteria like location and age. The platform also distances itself from the availability of WLD tokens on third-party platforms. Tools of Humanity, the developer behind World, has yet to comment on the situation.
OpenAI's World Project Faces Regulatory Scrutiny in Thailand
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