Thailand's regulatory authorities have recently taken new actions. The local Securities and Exchange Commission has officially filed criminal charges with the Economic Crime Suppression Department against five individuals suspected of operating unlicensed digital asset trading businesses.

What did these people do? Investigations show that they publicly promoted on Thai-language social media, directly offering buying, selling, and exchange services for Worldcoin (WLD) to the public — importantly, they did so without any legal operating licenses.

What can we learn from this case? On one hand, regulatory agencies around the world are increasing their focus on the digital asset market, and the era of wild growth is coming to an end. On the other hand, the risks for individuals or small groups engaging in unlicensed trading via social media are extremely high; once caught, they face criminal liability, not just simple civil fines.

For those interested in participating in digital asset trading, choosing licensed and compliant trading platforms is really important. This Thai case serves as a reminder — whether you are a trader or a service provider, you must operate within the regulatory framework, or the consequences can be significant.