Banxa Restores Pi Network Services Post-KYB Clearance, Now Live in 100+ Countries
Banxa has resumed Pi Network transactions after securing KYB (Know Your Business) approval, a major step forward for the cryptocurrency’s global reach. The payment infrastructure provider had paused Pi purchases earlier this month pending regulatory clearance, during which it reportedly amassed significant Pi reserves at discounted prices.
The approval now enables instant fiat-to-Pi conversions in over 100 jurisdictions via Banxa’s platforms. This development boosts Pi Network’s mainstream adoption, especially in emerging markets with limited crypto access. Analysts highlight the approval as a compliance milestone as Pi transitions from mobile mining to full exchange integration.