Pi Network: Pi Network claims full MiCA compliance for EU listings

Pi Network: Pi Network claims full MiCA compliance for EU listings

Pi Network claims full MiCA compliance, detailed in an updated whitepaper. This could enable trading of PI tokens on regulated EU and EEA exchanges.

An important development is that Pi Network is now fully compliant. This has to do with the European Union’s Crypto Asset Markets (MiCA) regulations. This update could open the door for trading its PI token. This would apply to regulated exchanges in the EU and the European Economic Area (EEA).

Strategic move by Pi Network for access to the mainstream market

The claim, set out in an updated version white paperr, represents an important step. It is the biggest step for the project to date. It aims to gain access to regular, supervised markets.

Related literature: Pi Network News: Pi Network Launches Pitogo Travel Token on Testnet | Live Bitcoin News

Pi Network insists it has complied with MiCA regulations. An entry is actively being searched for. This would be on an exchange itself, a regulated exchange in the European Union. Pi Network claims to be fully compliant with EU MiCA requirements. This development is expected to pave the way. It will enable trading of its $PI token on regulated exchanges.

According to CoinMarketCap data, $0.2502 (+10%) Pi has made a decisive and steady start. The PCT’s endless updates fuel its momentum.

A new whitepaper has been released in the Pi Network. It says it is fully compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations. This is an important step in listing the PI token. This is the case for regulated exchanges in the EU and the European Economic Area (EEA).

This initiative aims to have a legally compliant, transparent, stable and stable PI token. This is for the regular markets. It details mobile mining, KYC/KYB requirements, non-custodial wallet, and utility-only status. The project also has a low energy footprint. It refers to a recent listing in Sweden for a Pi Network-based Exchange-Traded Product (ETP). This is a first introduction to regulated markets.

Key compliance details and market access efforts

MiCA compliance is key to the strategy. Pi Network has published a whitepaper on compliance. This should pave the way for regulated trade in Europe.

Source: CMC

Key details of compliance are highlighted in the revised whitepaper. These include full Know Your Customer (KYC) and Know Your Business (KYB) requirements. It also includes third-party audits and fraud prevention systems. A non-custodial wallet gives users full control over their tokens, and developers emphasize the utility-only status of PI tokens. These tokens do not provide ownership, governance or dividends.

Market access is a direct objective of this compliance. This is to enable Pi Network to search for quotes on regulated exchanges in Europe. The network has already taken its first steps on regulated markets and continues to expand its presence. Additionally, it listed a Pi Network ETP on the Spotlight Stock Market in Sweden, as reported by Yahoo Finance.

Ultimately, the project can boast low energy consumption. It estimates that its annual consumption is much lower than that of Bitcoin. This points to its efforts in sustainability.


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