Pi Network Achieves Major Milestone with BANXA’s KYB Approval for Global Pi Coin Accessibility

BANXA, a top cryptocurrency on-ramp platform, has obtained Know Your Business (KYB) approval to enable Pi coin purchases in over 100 countries. This regulatory achievement allows direct fiat-to-Pi transactions, simplifying the process for mainstream adoption by eliminating peer-to-peer complexities.

The KYB approval follows similar standards to individual KYC protocols, enforcing rigorous compliance measures for businesses involved in Pi transactions. Only verified entities can legally trade Pi, while retail users must complete KYC verification for peer-to-peer exchanges.

This development marks Pi Network’s evolution from a mining experiment to a tradable digital asset. BANXA’s integration offers instant liquidity, particularly beneficial for crypto newcomers seeking regulated entry points into the market.