Quickly understand the history and background of various well-known coins

Pi Network Secures KYB Approval for Global Fiat Purchases

Coin WorldSaturday, May 3, 2025 4:39 am ET

1min read

BANXA, a prominent global payment platform, has secured KYB approval, a pivotal development for pi Network’s ambition to achieve regulated, mainstream adoption. This approval enables Pi to be legally purchased in over 100 countries, facilitating a smoother transition to global accessibility.

BANXA’s KYB approval enhances its credibility and compliance, allowing Pi users to directly buy Pi with fiat currencies within the Pi wallet, even before the mainnet launch. This approval allows the platform to onboard businesses more efficiently, reduce fraud risks, and meet regulatory requirements, promoting trust among institutional clients and partners.

With BANXA’s KYB approval, Pi can now be legally purchased with fiat in over 100 countries, offering a secure alternative to the risky P2P deals previously relied on by Pi users. This approval expands Pi’s accessibility to a global audience, allowing more people to easily acquire and trade Pi tokens.

Dr Altcoin predicts that top platforms like BitMart and HTX may soon gain KYB approval. If this happens, it will increase Pi’s legitimacy and compliance, potentially paving the way for Pi listings on these platforms, boosting its liquidity and credibility within the crypto landscape.

As of April 2025, Pi Network’s PI token is listed on 16 cryptocurrency exchanges, including OKX, Gate.io, and Bitget. While Binance and Coinbase have teased a potential Pi Coin listing, no official confirmation has been given, causing uncertainty among investors.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.