Thai authorities have ordered World, the digital identity project backed by Sam Altman, to cease operations in the country and erase all user identification data collected from residents.
According to a statement issued The order was issued by the Economic and Social Development Council of Thailand on Monday through the Ministry of Digital Economy and Society (MDES).
The order directed the company to delete iris scan records linked to approximately 1.2 million people.
Officials said World violated Thailand’s personal data protection law by collecting biometric data in exchange for its Worldcoin token.
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Why did Thailand order the world to stop user verification and biometric data collection?
The law governs how personal information may be collected, used and shared.
The decision followed a October Raid by Thai authorities at one of the project’s iris scanning sites. The inspection was part of an investigation into alleged violations of the country’s digital asset laws.
World’s Thai operation, known locally as TIDC Worldverse, stopped user verification after receiving instructions from regulators, the company announced in a post on X on Sunday.
Thailand was also deleted from the list of countries where the project’s Orb identity scanning devices are currently active.
In its statement, World said the decision was made “despite our compliance with local laws and regulations and after presenting the information to regulators in an open and transparent manner.”
The company added that the pause would affect millions of users across the country who use its digital ID system to protect against scams, identity theft and fraud linked to artificial intelligence tools.
World argued that the ruling could further expose users at a time when online crime is increasing.
Regulators in Germany, Kenya and Brazil also raised concerns about how biometric data is collected and stored. In these countries, authorities have warned that poor management of this data could create risks for users’ privacy and security.
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WLD Price Prediction: Can buyers regain control above the $0.68-$0.70 resistance zone?
Worldcoin (WLD) remained under pressure this week as price action on the four-hour chart remained below major moving averages.
This setup shows that sellers are still in control. Heikin Ashi candles indicate a clear downtrend, with lower highs and lower lows forming since early October.
The decline follows a sharp pullback from September, when WLD briefly rose above $2.00 before failing to maintain those levels and falling.
From a technical perspective, WLD remains below the 50-, 100-, and 200-period exponential moving averages. This pattern generally reflects a market that is being sold into, not a market that is rebuilding its strength.
The 50-EMA also slipped below the longer averages, creating a bearish mix that has blocked every relief bounce thus far.
Each upward attempt stopped near the $0.70 to $0.75 area, where sellers return and push the price down again.
The volume supports this image. Trading activity spiked during October’s sharp sell-off, which included a deep decline that hinted at forced exits. Since then, the volume has decreased.
From a chart perspective, WLD is still moving in a clearly descending channel. Over the past few sessions, the price has remained near the lower edge of this range.
This usually signals pressure, not relief. At this point, no reversal pattern is in place. The pattern looks more like the price is continuing its current trajectory rather than building a base for a rebound.
Support still lies between $0.63 and $0.65, where trading began to narrow. This area matters. If the price breaks below this level and closes at this level, the next likely stop will be the $0.50 level, which also carries psychological weight for traders.
On the positive side, any recovery attempt will face its first real test near the 50-day EMA, between $0.68 and $0.70. Price has already failed here, and this area remains loaded with sellers.
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The post Thailand wants out of WorldCoin: is this the beginning of the end for WLD Crypto? appeared first on 99Bitcoins.
