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- Pi Network demands full KYB compliance before any centralized exchange listing.
- Binance has not yet met Pi Network’s strict business verification requirements.
- OKX is currently the only exchange to pass Pi Network’s KYB standards.
Communities show intense speculation about Pi Network due to its lack of exchange listing on significant platforms such as Binance. The project requires a particular requirement to be satisfied before any listing becomes possible.
To proceed with the Pi Network verification process, users must provide KYB verification beyond standard KYC processes. Operating businesses must prove complete transparency alongside regulatory standards to complete the Know Your Business process through exchanges successfully.
The basic KYC procedures that most crypto initiatives follow are not sufficient for Pi Network, which requires users to undergo KYB verification. According to project guidelines, all exchanges, including Binance, need to pass the essential compliance requirement.
KYB goes beyond user-level identity checks and targets the business’s credibility. A comprehensive KYB process necessitates exchanges to register legally and fully disclose ownership structures and controlled risks, in addition to transparent financial tracking procedures.
A Global Framework Shapes Pi Network’s Listing Strategy
Pi Network strictly requires compliance with modern standards in digital currency. The project uses standards supporting the Digital Currency Global Initiative, which the International Telecommunication Union and Stanford University lead.
The five core components of those goals center around financial inclusion, interoperability, strong identity verification, programmable currency, and decentralized finance. Pi Network confirms compatibility with all five elements that define the standards.
OKX stands out as the sole exchange that has managed to fulfill the KYB checks and regulatory standards established by Pi. The OKX platform has achieved this significant milestone, making it the first organization prepared to handle Pi Network’s future exchange listing.
The Pi Core Team selects a gradual release approach over rushing to list the platform. The core team prioritizes trust and integrity over the advantages of being available in the market early.
Wallet Activation Expands Access for Verified Pi Users
The related development from Pi Network features wallet activation capabilities for users who have verified their accounts. The verification system covers both users who completed full KYC verification and users who hold a temporary verification position.
Wallet users now obtain instant wallet entry by skipping the mandatory Mainnet finish for verification purposes. The wallet activation feature enables users from the Pi blockchain ecosystem to participate before general market adoption.
As stated by Pi Network, all exchanges like Binance must carry out KYB procedures to obtain listing permission. This issue serves as the project’s central priority, driving its efforts to maintain user security and regulatory compliance.
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